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Contents

Part VIII · General

63. Budget

(1)

The Authority shall prepare its annual budget, which shall be approved by the board, prior to the commencement of each financial year.

(2)

The approved budget shall be communicated by the Authority to His

Majesty the Sultan and Yang Di-Pertuan and the Minister.

(3)

All revenue and income projected to be generated by the Authority or granted to the Authority from any source together with projected expenditures, including depreciation and provisions for losses, shall be reported in the annual budget.

Preferential right.

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