Section 3
Power of Minister to receive investments
of Government Funding Act 1983
The Minister is hereby authorized, subject to, and in accordance with, the provisions of this Act, to receive investments and to create and issue instruments evidencing such investments, on behalf of the Government of Malaysia, at such times and up to such maximum amounts as he may from time to time specify, and every maximum amount so specified is hereinafter referred to as an
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“investment issue” and every such investment issue shall bear such number or other reference as the Minister may determine.
(1A)
Subject to section 2A, an instrument may be created and issued by such method or by such arrangement or by entering into any transaction with any other person in any manner or form as the
Minister deems fit.
(2)
The total amount of moneys received under subsection (1) not repaid at any one time shall not exceed an amount to be specified from time to time by the Yang di-Pertuan Agong by order published in the Gazette.
(3)
An order under subsection (2) shall, as soon as possible after its publication, be laid before the Dewan Rakyat.