Section 50
Power to borrow
of Self-Employment Social Security Act 2017
ActIn forceProvision 50 of 89
Section 50
(1)
The Organization may, with the consent of the Minister of
Finance, borrow at such rate of interest and for such period and upon such terms and conditions as to the time and method of repayment and otherwise as the Minister may approve, any money required by the
Organization for meeting any of its obligations or performing any of its functions.
(2)
No moneys from any fund administered by the Organization under any other written law may be utilized for the purpose of borrowing under subsection (1).
40 Laws of Malaysia ACT 789