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← Social and Welfare Services Lottéries Board Act 1950-1962

Social and Welfare Services Lottéries Board Act 1950-1962 s 14

Social and Welfare Services Lottéries Board Act 1950-1962 s 14

This legislation has been repealed. Do not cite it as law in force.

Text recovered by OCR from a scanned copy — section numbers and wording may be wrong. Check the official PDF on lom.agc.gov.my before citing.

s 14

(1) The Board may, out of the moneys raised by each lottery, establish the following funds- (a) a building fund to be expended for the purpose of owning, building, purchasing or otherwise acquiring its own premises in accordance with section 3; and (b) a loan fund to be expended for the purpose of granting housing loans to its oincers and servants in accordance with section 6. (2) Each fund shall be of such amount as may be approved by the Minister of Finance, and the Board may, out of the moneys raised by each lottery, pay into each fund such sums as may be determined by the Minister. Lotteries to be promoted and admınistered in accordance with Act, rules, the order permitting the same, and the prospectus.

Read this section in the full act →

Find Act 252 on lom.agc.gov.my ↗

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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