Malaysia legislation
Section 4
of Financial Procedure (Contingencies and Trust Funds) Ordinance, 1963
Section 4
⎯(1)
There shall be established as trust funds the funds specified in the Schedule.
(1A)
The Chief Minister may, from time to time by direction published in the Gazette, amend, delete from or add to the Schedule.
(2)
There shall be paid from the Consolidated Fund into each of the trust funds specified in the Schedule such moneys as may from time to time be appropriated by State law for the purposes to each of such funds.
(3)
The State financial authority may, subject to any written law, direct that the moneys of each of the funds specified in the
Schedule shall be applied for such purposes and to be managed, operated and controlled by such person and in such manner as may be specified in the said direction.
5
(4)
All moneys not applied in accordance with subsection (2)
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 to be applied in the manner provided in subsection (3).
(5)
Any direction made under subsection (1A) or (3) shall be laid before the Dewan Undangan Negeri and, if not sooner revoked, shall cease to have effect if resolutions are passed by the Dewan
Undangan Negeri annulling such direction, but without prejudice to anything previously done by virtue thereof or to the power of the
Chief Minister or to the State financial authority to issue new direction under subsection (1A) or (3) respectively.