Malaysia legislation
Section 3
of Financial Procedure (Contingencies and Trust Funds) Ordinance, 1963
Section 3
⎯(1)
There shall be established a Contingencies Fund consisting of moneys from time to time appropriated to it.
(2)
All moneys appropriated to the Contingencies Fund shall be paid from the Consolidated Fund into the Contingencies Fund and shall be applied by the State financial authority in accordance with subsection (3), and all moneys not so applied shall be paid by the
State financial authority into the Consolidated Fund and shall be accounted in a separate account in the Consolidated Trust Account.
(3)
The Chief Minister, if he is satisfied that there has arisen an urgent and unforeseen need for expenditure for which no other provision exists and for which moneys cannot be provided under section 29(4) of the Financial Procedure Act 1957 [Act 61], may make advances from the Contingencies Fund to meet that need.
Trust funds