Malaysia legislation
Section 6
Section 6
(a)
into which shall be paid—
(i)
such sums as may be provided from time to time by Parliament;
(ii)
moneys earned by the Lembaga in the discharge of its functions under or pursuant to the provisions of this Act;
(iii)
moneys earned or arising from any developments, investment, mortgages, charges or debentures acquired by or vested in the Lembaga;
Act 49
(iv)
sums borrowed by the Lembaga for the purpose of meeting any of its obligations or discharging any of its functions;
(v)
all other sums or properties whether movable or immovable which may in any manner become payable to or vested in the Lembaga;
(b)
out of which shall be defrayed—
(i)
all expenditure (including capital expenditure)
incurred by the Lembaga in carrying out its functions and powers; and
(ii)
moneys for the repayment of any loan made to the Lembaga pursuant to its powers to borrow.
(1a)
Subparagraph (1)(a)(v) shall not apply where any corporation which has been established under paragraph 4(3)(a) is registered as a company pursuant to subsection 4(4).
(2)
Before the beginning of June of each year the Lembaga shall submit to the Minister an estimate of the expenses (including those for development projects) for the following year in such form and with such particulars as the Minister may require; and the Minister shall before the beginning of November of that year notify the Lembaga of the amount authorized for expenses generally or of the amounts authorized for each description of expenditure.
(3)
The Lembaga may at any time submit to the Minister a supplementary estimate for any one year and the Minister may allow the whole or any part of the additional expenditure included in the supplementary estimate.
Borrowing