s 43 Power to borrow
43.—(1) The Board cannot raise loans for the performance of its functions except in accordance with this section. (2) Subject to subsection (3), the Board may raise loans 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 debentures or bonds, or such other instrument as the Minister may approve. (3) The Board may —(a) raise loans under subsection (2) from the Government; (b) obtain a credit facility for the purchase of goods or services mentioned in subsection (4) from a bank or financial institution, whether in or outside Singapore; or (c) with the approval of the Minister, raise a loan or obtain a credit facility from any other source, whether in or outside Singapore. (4) For the purposes of this section, the power to raise loans includes the power to enter into any financial agreement or arrangement under which credit facilities are granted to the Board for the purchase of goods or services.