Malaysia legislation
Section 26
Section 26
Deposit and investment of the Fund
The Board may, with the prior written approval of the Minister and the Minister of Finance—
(a)
deposit, either in fixed deposit or in current account, any moneys for the time being uninvested with any bank in
Malaysia holding a valid licence under the provisions of the Banking and Financial Institutions Act 1989 [Act 372] or the Islamic Banking Act 1983 [Act 276]; or
(b)
invest in securities of the Government or such other securities, such moneys of the Fund as may not be immediately required to be expended under this Act.
Nasional Visual Arts Development Board 23
Accounts and reports