Section 17
Power to invest
of Highway Authority Malaysia (Incorporation) Act 1980
ActIn forceProvision 18 of 40
Section 17
The Authority may, from time to time, with the approval of the
Minister of Finance, invest the Fund or any part thereof, not being immediately required for meeting the Authority’s obligations or carrying out its functions—
(a)
in any investment or securities authorized for the investment of trust funds by any written law for the time being in force;
or
(b)
in such other investment or securities as the Authority may deem fit.
Highway Authority Malaysia (Incorporation) 19