Malaysia legislation
Section 19
of Land Custody and Development Authority Ordinance, 1981 ( Ord. No. 4/81 )
Section 19
⎯(1)
Subject to subsection (2), the Authority may borrow sums required by it for meeting any of its obligations or discharging any of its functions.
(2)
The power of the Authority to borrow shall be exercisable only with the approval of, and subject to such conditions as may be imposed by, the Minister. Any approval given in any respect for the purposes of this section may be either general or limited to a particular borrowing or otherwise.
Power to make loans