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← Penang Port Commission Act 1955

Penang Port Commission Act 1955 s 22

Penang Port Commission Act 1955 s 22

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 22 Power of Commission to enter into contracts involving capital expenditure

(1) The Commission may sanction permanent new works and enter into other contracts involving capital expenditure. (2) No such work shall be commenced or contract entered into— (a) if the sum estimated to be required on the new work, or in respect of the contract, exceeds two hundred and fifty thousand ringgit, until a plan and estimate thereof have been submitted to, and approved by, the Commission; and (b) if the sum estimated to be required on the new work or in respect of the contract, exceeds five million ringgit, until a plan and estimate thereof have been submitted to, and approved by, the Minister. (3) All contracts involving capital expenditure estimated to exceed two hundred and fifty thousand ringgit, shall be reduced into writing, and shall not be binding on the Commission unless sealed with the common seal of the Commission.

Read this section in the full act → · Open Part II →

Find Act 140 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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