National Trust Fund Act 1988 · s 6

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s 6Application of moneys of the Fund

Moneys standing to the credit of the Fund may, after the expiry of a period of ten years from the date of the commencement of this Act, and with the prior approval of the

Minister, be applied for the following purposes:

(a)

any of the purposes of the Development Fund as specified in the First Schedule to the Development

Funds Act 1966 [Act 406]; and

(b)

the granting of loans or advances on concessionary terms to the

Federal

Government or to the

Government of any State in Malaysia.