Malaysia legislation

Section 19

of PERBADANAN PEMBANGUNAN BANDAR ACT 1971

Section 19

(2)

The Fund shall consist of—

(a)

such sums as may be provided from time to time for those purposes by Parliament;

(b)

such sums as may be allocated from time to time to the Perbadanan from loan funds;

(c)

moneys earned by the operation of any project scheme or enterprise financed from the Fund;

(d)

moneys earned or arising from any property, investments, mortgages, charges or debentures acquired by or vested in the Perbadanan;

(e)

any property, investments, mortgages, charges or debentures acquired by or vested in the Perbadanan;

(f)

sums borrowed by the Perbadanan for the purpose of meeting any of its obligations or discharging any of its duties; and

(g)

all other sums or property which may in any manner become payable to or vested in the Perbadanan in respect of any matter incidental to its powers and duties.

(3)

In this section the expression "loan funds" means such sums as may be made available from time to time to the Government by way of loan.

(4)

The charges on any amount which may be allocated to the Perbadanan from loan funds shall be met by the Perbadanan:

Provided that all or any part of such charges may be met from the general revenues of the Federation with the approval by resolution of the Dewan Ra'ayat.