Lembaga Pembangunan Industri Pembinaan Malaysia Act 1994 · Updated to 1 Dec 2017 · Part V · Other Powers of the Lembaga
20. Power to borrow
Official textFrom Laws of Malaysia Online, unchanged
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.
Lembaga
“Lembaga” means the Lembaga Pembangunan Industri Pembinaan Malaysia established under section 3;
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
Minister
“Minister” means the Minister for the time being charged with the responsibility for matters relating to works;
Finance, deem expedient, for all or any of the following purposes:
the provision of working capital;
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the performance of the functions, the exercise of the powers and the discharge of the duties of the Lembaga under this Act;
the performance of such additional functions as may be undertaken by the Lembaga under this Act;
the redemption of any shares or stocks which it is required or entitled to redeem; and
any other expenditure properly chargeable to capital account.
Terms defined in s 2
Lembaga
Defined · s 2“Lembaga” means the Lembaga Pembangunan Industri Pembinaan Malaysia established under section 3;
Minister
Defined · s 2“Minister” means the Minister for the time being charged with the responsibility for matters relating to works;
Part VI
Registration and Accreditation of Contractors
Part VII
Registration, Accreditation, Certification and Training of Construction Personnel
Part VIII
Levy
Part IX
Enforcement and Investigation
Part X