Malaysia legislation

Section 2

of DEVELOPMENT FUNDS ACT 1966

Section 2

There shall be paid into the Development Fund specified in the Second Schedule to the Financial Procedure Act 1957 (hereinafter referred to as “the Fund”)—

(a)

moneys from time to time appropriated to and authorized to be paid into the Fund by this Act or by any other

Federal law for any one or more of the purposes of the

Fund;

(b)

sums representing the proceeds of any loan raised by the

Federal Government for any one or more of the purposes of the Fund and appropriated to such purposes by the written law authorizing the raising of the loan;

(c)

where under section 4 any expenditure out of the Fund shall have been authorized to be made by way of loan, sums representing the repayment of the principal of any such loan;

(d)

moneys received from the sale or realization of any asset paid for out of the Fund; and

(e)

other moneys received by the Federal Government for any one or more of the purposes of the Fund.

Application of moneys in the Fund