Section 6
Application of moneys of the Fund
of National Trust Fund Act 1988
ActIn forceProvision 6 of 15
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.