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← Financial Procedure Act 1957

Financial Procedure Act 1957 s 11

Financial Procedure Act 1957 s 11

Sections 22–35 were repealed by later amendments.

s 11 Contingencies Fund

(1) In accordance with Article 103 of the Federal Constitution, a Contingencies Fund for federal purposes is hereby created consisting of moneys from time to time appropriated thereto. (2) All moneys appropriated to the Contingencies Fund shall be paid from the Federal Consolidated Fund into the Contingencies Fund and shall be applied by the Minister in accordance with subsection (3), and all moneys not so applied shall be paid into the Federal Consolidated Fund and shall be accounted in a separate account in the Consolidated Trust Account. (3) The Minister may, if he is satisfied that there has arisen an urgent and unforeseen need for expenditure for federal purposes for which no other provision exists and for which funds cannot be provided under subsection 15(4), make advances from the Contingencies Fund to meet that need.

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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