In force2012 Revised EditionCurrent version · 2012 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Asian Development Bank Act · 2012 Revised Edition
Official textFrom Attorney General's Chambers, unchanged
For the purposes of providing any sums required for making any payment to the Bank, the Minister may, on behalf of the Government and with the approval of His Majesty the Sultan and Yang Di-Pertuan, raise loans by the creation and issue of securities bearing such rates of interest and subject to such conditions as to repayment, redemption or otherwise as he may think fit, and the principal and interest of such securities and any expenses incurred in connection with their issue shall be charged on and paid out of the Consolidated Fund.
Minister
“Minister” means the Minister of Finance. Power to subscribe to shares of Bank. [S 114/10]