Malaysia legislation
Section 8
Section 8
Undangan Negeri
The Minister shall cause to be laid before the Dewan
Undangan Negeri, as soon as practicable, an instrument containing the following particulars pertaining to any agreement for any borrowings, loans or loan facilities made pursuant to this Part or in relation to any bonds or securities issued pursuant to section 6:
(a)
the date of the agreement;
(b)
the date of issue of any bonds or other securities, if any, issued pursuant to the agreement, and the date of maturity thereof;
(c)
the amount of borrowings, loans or loan facilities covered by the agreement;
(d)
the date or dates of drawdown of such borrowings, loans or loan facilities and, for the repayment thereof;
(e)
the rate of interest chargeable thereon;
(f)
the nature of any security, if any, provided by the
Government or any other party, for such borrowings, loans or loan facilities;
(g)
the purpose of such borrowings, loans or loan facilities;
and
(h)
any other relevant information or details pertaining to such agreement, borrowings, loans or loan facilities.
Application of loan proceeds