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← Financial Procedure Act 1957

Financial Procedure Act 1957 s 10

Financial Procedure Act 1957 s 10

Sections 22–35 were repealed by later amendments.

s 10 Government trust funds

(1) (a) There shall be paid from the Federal Consolidated Fund into each of the funds specified in the Second Schedule such sums as may from time to time be appropriated for the purposes of the fund by federal law. (b) There shall be paid from the Consolidated Fund of a State into the funds specified in subparagraphs (i) and (ii) such sums as may from time to time be appropriated for the purposes of those funds by State law— (i) in the case of Sabah and Sarawak, into any fund established and placed under the State financial authority by or in accordance with State law; and (ii) in the case of the other States, into each of the funds specified in the Third Schedule or in accordance with paragraph (4)(b). (2) The Minister in the case of a fund specified in the Second Schedule and the State financial authority in the case of a fund specified in the Third Schedule may apply the fund for the general purposes thereof or, subject to any written law, for such particular purposes as may from time to time be specified by resolution of the Legislature. (3) All moneys not applied in accordance with subsection (2) shall be paid by the Minister or the State financial authority, as the case may be, into the Consolidated Fund and shall be accounted in a separate account in the Consolidated Trust Account to be applied in the manner provided in subsection (2). (4) (a) The Dewan Rakyat may from time to time by resolution amend, delete from or add to the Second Schedule. (b) The Legislative Assembly of a State, other than Sabah or Sarawak, may from time to time by resolution specify funds for the purposes of this section and subparagraph (1)(b)(ii), subsections (2) and (3) shall apply to such funds as they apply to the funds specified in the Third Schedule.

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

Find Act 61 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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