Section 20
Body corporate to repay to Government sums paid under guarantee
of Loans and Loan Guarantees Ordinance, 1999
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If any sum is paid out of the Consolidated Fund in respect of any liability incurred by the Government under a guarantee under this Ordinance, the body corporate shall repay that sum
(together with interest thereon at the same rate as that payable on the loan under the agreement by the body corporate with the authority from which the loan is raised) to the Consolidated Fund in such manner and at such time or by such instalments as the Majlis
Mesyuarat Kerajaan Negeri may direct.
15
(2)
If any sum is so paid out of the Consolidated Fund, the
Minister shall as soon as possible after the end of each financial year beginning with that in which the sum was paid and ending with that in which all liability in respect thereof and any interest payable thereon is finally discharged by the body corporate concerned, lay before the
Dewan Undangan Negeri, a statement relating thereto.