Malaysia legislation

Section 8

of LEMBAGA KEMAJUAN TERENGGANU TENGAH ACT 1973

Section 8

(2)

Without prejudice to the generality of subsection (1), and subject to consultation with the Lembaga, the power of the Minister to give directions shall extend to the giving to it of directions—

(a)

as to the disposal of capital assets; and

(b)

as to the application of proceeds of such disposals, notwithstanding that the directions may be of a specific character:

Provided that no such direction shall, so long as any sum borrowed by the Lembaga in accordance with the provisions of this Act remains outstanding be given.

Section 8 — LEMBAGA KEMAJUAN TERENGGANU TENGAH ACT 1973