Power to borrow
13.—(1)  For the discharge of its functions or duties under this Act or any other written law, the Board may, from time to time, raise loans from the Government or, with the approval of the Minister, raise loans within or outside Singapore from such source as the Minister may direct by —
(a)mortgage, overdraft or other means, with or without security;
(b)charge, whether legal or equitable, on any property vested in the Board or on any other revenue receivable by the Board under this Act or any other written law; or
(c)the creation and issue of bonds or any other instrument as the Minister may approve.
(2)  For the purposes of this section, the power to raise loans shall include the power to make any financial agreement whereby credit facilities are granted to the Board for the purchase of goods, materials or things.
[39/2004 wef 08/10/2004]