Malaysia legislation
Section 26
of Bintulu Development Authority Ordinance, 1978 ( Ord. No. 1/78 )
Section 26
⎯(1)
All moneys received by the Authority on its own behalf by virtue of this Ordinance or any other written law shall constitute a fund which shall be called the Bintulu Development Authority Fund
(“the Fund”) and shall, together with all property which becomes vested in the Authority, be administered under the direction and control of the Authority subject to this Ordinance.
(2)
All moneys received by the Authority in respect of the
Fund shall be lodged on current or deposit account with one or more banks or with one or more finance companies licensed under the
Banking and Financial Institutions Act 1989 [Act 372], as the Chief
Minister may direct.
[Am. Ord. No. 5/87.]
(3)
All orders or cheques against the Fund shall be signed by two officers authorized in writing by the Authority.
Expenditure and preparation of estimates