Malaysia legislation
Section 20
of *LEMBAGA PEMBANGUNAN INDUSTRI PEMBINAAN MALAYSIA ACT 1994
Section 20
(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.
Power to grant loans