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← Penang Port Commission Act 1955

Penang Port Commission Act 1955 s 41

Penang Port Commission Act 1955 s 41

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

s 41 Chairman to submit annual estimate of revenue and expenditure

(1) The Chairman shall, not later than one month before the commencement of each financial year, lay before the Commission an estimate of the Commission’s revenue and expenditure including capital expenditure for the ensuing year in such detail and form as the Commission may require: Provided that it shall not be necessary to include in the estimate any specific item of capital expenditure which has previously been sanctioned under section 42 and not disallowed under subsection 43(1) or which has been submitted in accordance with section 44, and which has remained or is likely to remain unexpended at the end of the current financial year. (2) A copy of the estimate shall be sent to each member of the Commission not less than fourteen days prior to the meeting before which the estimate is to be laid.

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

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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