Malaysia legislation
Section 13
Section 13
Guarantee to the Federation
(a)
the Government; or
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(b)
a body corporate to which this Part or the Loans
Guarantee (Bodies Corporate) Act 1965 [Act 96] applies, the Government may, if so required by the federal Government, issue or provide a guarantee to the federal Government, to guarantee the payment to the federal Government of all moneys which the federal
Government may become liable under the federal guarantee.
(2)
Any guarantee given to the federal Government pursuant to subsection (1) shall be in such form and contain such terms and conditions as may be approved by the Majlis Mesyuarat Kerajaan
Negeri and signed by the Minister or State Financial Secretary or by any other public officer duly authorized by the Minister.
Power to guarantee loans