Malaysia legislation
Section 3
of *LOANS (INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT) ACT 1992
Section 3
Power of Government to borrow from Fund
(2)
All moneys borrowed by the Government under subsection
(1)
shall be paid into the Development Fund and shall, notwithstanding section 3 of the Development Funds Act 1966
[Act 406], be applied and are hereby appropriated to the purposes for which they were borrowed:
Provided that where any part of such moneys cannot be applied to the purposes aforesaid such part may be applied to such other purposes as may be approved by the Minister and the Fund.
(3)
Any agreement between the Government and the Fund in respect of moneys borrowed under subsection (1) shall be made in the name of the Government of Malaysia and may be signed on behalf of the Government by the Minister or by any person authorized in writing by the Minister.
(4)
A copy of any agreement referred to in subsection (3) shall as soon as practicable be laid before the Dewan Rakyat.
(5)
Nothing in this section shall affect or derogate from any other power to borrow possessed by the Government.
Power to issue instruments including bonds