Section 28
Investment
of Sabah Renewable Energy Enactment 2024
State EnactmentIn forceProvision 28 of 67
Section 28
(1)
The moneys from the Fund shall, in so far as they are not required or not immediately required to be expended by the Commission under this
Enactment, be invested in such manner as the Minister may approve with the concurrence of the Minister of Finance.
(2)
The Commission shall open and maintain an account or accounts to hold moneys in the Fund with such bank or banks in Malaysia as it thinks fit, after consulting the Minister and the Minister of Finance, and every such account shall be operated in such manner as may be authorized by the Commission.