Malaysia legislation
Section 56
Section 56
(1)
There shall be payable by the Government to the Authority annually by the 31st day of March in each year, an amount in lieu of the rates equal to the amount which, but for the provisions of this Ordinance or any law relating to rating exempting property in the occupation of the Government, would be payable in respect of such property situated within any rating area on the basis of a valuation of such property made within six months of the constitution of such Authority and agreed between the Authority on the one part and the
Government on the other:
Provided that such valuation shall not be varied, save in respect of changes in ownership or value of improvements which shall be adjusted from year to year, for a period of five years from constitution or the latest valuation unless agreed by the Authority and the Government in respect of any financial year:
Provided further that in default of agreement between the parties the matter in dispute shall be decided by a Judge after hearing the representatives of both parties and such decision shall be final.
(2)
Whenever rates are levied by an Authority under the provisions of section 82, a copy of the resolution of the Authority in that behalf certified by the executive officer of the
Authority, shall be forwarded to the Minister of Finance together with a statement of the amount payable under the provisions of subsection (1).
52
Discretionary grants from public revenue.