Section 43
Power to invest
of Carbon Capture, Utilization and Storage Act 2025
ActIn forceProvision 43 of 53
Section 43
(1)
The monies in the Fund may, in so far as they are not required or immediately required to be expended by the Agency for the purposes of subsection 42(1), be invested subject to such terms and conditions as determined by the Minister after consultation with and approval of the Minister of Finance.
(2)
The Agency shall open and maintain an account or accounts to hold monies in the Fund with such bank or banks in Malaysia as it thinks fit, after consulting the Minister and the Minister of
Finance, and every such account shall be operated upon in any manner as may be authorized by the Agency for such purpose.