In forceAmended2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Workforce Singapore Agency Act 2003 · 2020 Revised Edition · Part 5 · Financial Provisions
23. Power to borrow
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Last amended by an amending law of 2016.
For the discharge of its functions or duties under this Act or any other written law, the Agency may raise loans from the Government or, with the approval of the Minister, raise loans from banks or other financial institutions (whether in Singapore or elsewhere) by —
(a)
mortgage, overdraft or otherwise;
(b)
charge, whether legal or equitable, on any property vested in the Agency or on any other revenue receivable by the Agency under this Act or any other written law; or
(c)
the creation and issue of debentures or bonds or any other instrument as the Minister may approve.