Malaysia legislation

Section 24

of Sabah Economic Development Corporation Enactment 1981

Section 24

It shall be the duty of the Corporation—

(a)

to promote the development of land for agricultural, industrial, commercial, trading and residential purposes;

(b)

to undertake and participate in agricultural, industrial, commercial, trading and housing enterprises;

(c)

to provide and facilitate the grant of credits for agriculture, industry, commerce, trade, rural and urban housing and building, and utilities both of a public and

12

private nature and other undertaking of a like nature;

(d)

with the concurrence of the Yang di-Pertua Negeri, to finance, carry out or assist in carrying out any scheme of urban and rural development or re-development;

(e)

to undertake land reclamation work;

(f)

to participate in mining activities;

(g)

to do all such other acts and things as are necessary for the exercise or performance of all or any of the functions and duties of the Corporation.

General powers of the Corporation.

Section 24 — Sabah Economic Development Corporation Enactment 1981