Malaysia legislation

Section 6

of *NATIONAL TRUST FUND ACT 1988

Section 6

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.

Investment of the moneys of the Fund

Read in full context — *NATIONAL TRUST FUND ACT 1988 →