In forceUpdated to 1 Dec 2020Current version · Updated to 1 Dec 2020
Port Authorities Act 1963 · Updated to 1 Dec 2020 · Part I · Port Authorities
8A. Power to borrow money
Feedback & supportThe authority may, from time to time with the approval of the
Minister of Finance, borrow, by way of overdraft or otherwise, such sums as it may require for meeting its obligations and discharging its functions under this Act and may secure the repayment of any sum borrowed by way of a mortgage or charge, legal or equitable, of any property vested in the authority, or of any revenue received by the authority under this Act.
Minister
Defined · s 59
“Minister” means the Minister charged with the responsibility for ports;
Accounts and records to be open for inspection
22 Laws of Malaysia ACT 488