Section 3
ActIn forceProvision 3 of 30
Section 3
(1)
Subject to the Constitution and this Act, the Minister may, from time to time, raise within Malaysia in the manner and on the terms and conditions as he thinks fit, the sums as may be required by
Malaysia for purposes of the Development Fund or for one or more of those purposes.
(2)
Where the loan is raised by the issue of stock, Part III shall apply.
(3)
The sums raised under this Act shall not exceed the *sum specified, from time to time, by the Yang di-Pertuan Agong by order published in the Gazette and the order shall, as soon as possible after its publication, be laid by the Minister before the Dewan Rakyat.