East Coast Economic Region Development Council Act 2008 s 37
East Coast Economic Region Development Council Act 2008 s 37
s 37 Power to borrow and raise funds
The Council may from time to time, with the approval of the Prime Minister and the Minister of Finance, borrow at such rate of interest and for such period and upon such terms as to the time and method of repayment, and create or issue any debentures, stocks or any other financial instruments and otherwise as the Prime Minister and the Minister of Finance may approve for the purpose of raising any sums required by the Council for meeting any of its obligations or discharging any of its duties and including for the purposes of the special fund under section 33.
Malay text (authoritative)
Kuasa untuk meminjam dan memperdapatkan wang
Majlis boleh dari semasa ke semasa, dengan kelulusan Perdana Menteri dan Menteri Kewangan, meminjam, pada apa-apa kadar bunga dan selama apa-apa tempoh dan atas apa-apa terma mengenai masa dan cara pembayaran balik, dan mewujudkan atau mengeluarkan apa-apa debentur, stok atau apa-apa suratcara kewangan lain dan selainnya sebagaimana yang diluluskan oleh Perdana Menteri dan Menteri Kewangan, bagi maksud memperdapatkan apa-apa jumlah wang yang dikehendaki oleh Majlis bagi memenuhi mana-mana obligasinya atau menunaikan mana-mana kewajipannya dan termasuk bagi maksud dana khas di bawah seksyen 33.
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).
