s 13 Validation
In relation to any Development Fund (whether or not established by or in accordance with any written law) all acts done, payments made or expenditure authorized or incurred after the commencement but before the passing of this Act, which if done, made, authorized or incurred before the commencement of this Act would have been valid, shall be deemed to have been done, made, authorized or incurred under this Act. F IRST SCHEDULE [Section 3] PURPOSES TO WHICH THE FEDERAL DEVELOPMENT FUND MAY BE APPLIED 1. The construction, improvement, extension, enlargement and replacement of buildings and works, and the provision, acquisition, improvement and replacement of other capital assets (including vehicles, vessels, aircraft, rolling stock, machinery, instruments and equipment) required in respect of or in connection with— (a) drainage and irrigation; (b) public roads, bridges, ferries, railways, aerodromes and airways and other means of communication; (c) public offices and other public buildings; (d) defence and internal security; (e) ports, harbours, light houses, canals and river works, and the navigation of seas and rivers; (f) telecommunications and broadcasting; (g) the production, distribution and supply of water power, electricity, gas and other forms of power and energy; (h) education, libraries, museums, laboratories and scientific research; (i) hospitals, clinics, dispensaries, asylums, quarantine stations and other medical and health institutions; (j) public health, sanitation, sewerage and water supplies; (k) veterinary services and control of agricultural pests; (l) housing, including urban renewal and improvement trusts; (m) soil conservation; (n) the control and prevention of fires and other accidents; (o) repair and maintenance of public property; (p) printing and printing presses; (q) public administration and the provision and maintenance of public services; (r) industrial development; (s) the rehabilitation of mining land and land affected by soil erosion, and the reclamation of land from seas, rivers and other waters; (t) tourist resorts and other tourist development; (u) recreational facilities; (v) agricultural marketing; (w) family planning. 2. The development, improvement, conservation and exploitation of agriculture, fisheries, forests, and minerals and other natural resources in Malaysia, and the provision, acquisition, improvement and replacement of capital assets required in respect thereof or in connection therewith. 3. The acquisition of land and of any right or interest in or over land and in respect of the use of any invention. 4. The carrying on of any survey, research, or investigation preparatory to the undertaking of any such purpose as is referred to in paragraphs 1 and 2 of this Schedule or to the formation of any plan or scheme for the development, improvement, conservation or exploitation of the resources in Malaysia or in any part thereof. 5. The payment of the personal emoluments in respect of any public offices specified under paragraph 15(2)(b) of the Financial Procedure Act 1957 and any charges or expenses incidental to or arising from the carrying out of any of the purposes referred to in paragraphs 1, 2, 3 and 4 of this Schedule. 6. Grants and loans to any Government in Malaysia and grants and loans to or investment in public and statutory authorities and any other body or any person for any one or more of the purposes referred to in paragraphs 1, 2, 3, 4 and 5 of this Schedule. 7. The payment of any sum subscribed by the Government pursuant to section 6 of the *Central Bank of Malaysia Ordinance 1958 [Ord. 61 of 1958], in respect of the authorized capital of the Central Bank of Malaysia. 8. The payment of any sum subscribed by the Government as equity investment in the authorized capital of Bank Bumiputra licensed under the Banking and Financial Institutions Act 1989 [Act 372]. 9. The payment of any sum subscribed by the Government as investment in the authorized capital of the Malayawata Steel Limited registered under the Companies Act 1965 [Act 125]. 10. The payment of any sum subscribed by the Government for any investment authorized by a resolution of the Dewan Rakyat under subparagraph 8(3)(a)(iv) of the Financial Procedure Act 1957. 11. Any grant or transfer of moneys to the Housing Loans Fund specified in the Second Schedule to the Financial Procedure Act 1957 and for the purpose of that fund as specified in section 5 of the Housing Loans Fund Act 1971 [Act 42], subject to such terms and conditions as the Minister may impose. 12. Grants or loans, subject to such terms and conditions as the Minister may impose, to any company (established for the promotion of the economic development of any community) registered under the Companies Act 1965 and specified by resolution of the Dewan Rakyat. 13. (1) Grants or loans to, or investments in, Pengurusan Danaharta Nasional Berhad, or any other body corporate controlled by the Government of Malaysia, if such grants, loans or investments are for the purpose of supporting or maintaining the continuous development of the banking and financial system of Malaysia or any part thereof or for any related purposes. (2) For the purpose of subparagraph (1), a body corporate is controlled by the Government of Malaysia if 51 per cent or more of the issued share capital of the body corporate is owned by the Government of Malaysia and held on behalf of the Government of Malaysia by the Corporation incorporated under the Minister of Finance (Incorporation) Act 1957 [Act 375]. *NOTE—The Central Bank of Malaysia Ordinance 1958 [Ord. 61 of 1958] has since been revised by the Central Bank of Malaysia Act 1958 [Act 519].