Lembaga Pembangunan Industri Pembinaan Malaysia Act 1994 · s 20

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20.
Power to borrow
(1) The Lembaga may, from time to time, with the approval of the Minister and Minister of Finance, borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister and Minister of Finance may approve, any sums required by the Lembaga for meeting any of its obligations or discharging any of its duties.
(2)
The Lembaga may, from time to time, with the approval of the Minister and Minister of Finance, borrow money by the issue of bonds, debentures or stocks of such class and value and upon such terms as it may, with the approval of the Minister and Minister of
Finance, deem expedient, for all or any of the following purposes:
(a) the provision of working capital;

26                                      Laws of Malaysia                           ACT 520
(b) the performance of the functions, the exercise of the powers and the discharge of the duties of the Lembaga under this Act;
(c) the performance of such additional functions as may be undertaken by the Lembaga under this Act;
(d) the redemption of any shares or stocks which it is required or entitled to redeem; and
(e) any other expenditure properly chargeable to capital account.

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s 20Power to borrow

(1)

The Lembaga may, from time to time, with the approval of the Minister and Minister of Finance, borrow, at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister and Minister of Finance may approve, any sums required by the Lembaga for meeting any of its obligations or discharging any of its duties.

(2)

The Lembaga may, from time to time, with the approval of the Minister and Minister of Finance, borrow money by the issue of bonds, debentures or stocks of such class and value and upon such terms as it may, with the approval of the Minister and Minister of

Finance, deem expedient, for all or any of the following purposes:

(a)

the provision of working capital;

26 Laws of Malaysia ACT 520

(b)

the performance of the functions, the exercise of the powers and the discharge of the duties of the Lembaga under this Act;

(c)

the performance of such additional functions as may be undertaken by the Lembaga under this Act;

(d)

the redemption of any shares or stocks which it is required or entitled to redeem; and

(e)

any other expenditure properly chargeable to capital account.