Malaysia legislation

Section 14

of *MALAYSIA PRODUCTIVITY CORPORATION (INCORPORATION) ACT 1966

Section 14

Expenditure and preparation of estimates

(2)

Before the beginning of September of each year the Corporation shall submit to the Minister an estimate of the revenue and expenditure (including those for development projects) for the following year in such form and containing such particulars as the Minister may require; and the Minister shall before the beginning of November of each year notify the Corporation of the amount authorized for expenditure generally or of the amounts authorized for each description of expenditure.

(3)

The Corporation may at any time submit to the Minister a supplementary estimate for any one year and the Minister may allow the whole or any part of the additional expenditure included therein.

Malaysia Productivity Corporation (Incorporation) 19

Statutory Bodies (Accounts and Annual Reports) Act 1980 to apply