Malaysia legislation

Section 14

of Port Authority Ordinance, 1961 ( Ord. No. 1/61 )

Section 14

⎯(1) Subject to such conditions as to interest and repayments as he may determine, the Majlis Mesyuarat Kerajaan

Negeri may direct the advance to a Port Authority of moneys for working capital.

[Mod. Swk. L.N. 68/64; Am. Ord. No. 9/76;

(2)

A Port Authority may receive any moneys advanced to it in accordance with subsection (1), and shall thereupon create, in favour of the Government, an account equivalent to the total amount of any moneys so advanced.

Port development cess

Read in full context — Port Authority Ordinance, 1961 ( Ord. No. 1/61 ) →