Muda Agricultural Development Act, 1972 (No. 70)

These provisions have been enacted in order to set up the Muda Agricultural Development Authority, to be engaged in the promotion of agricultural development in Malaysia. The Act is divided into the following Parts: (I) Preliminary; (II) The Authority; (III) Chairman, Deputy Chairman, Officers and Servants of the Authority; (IV) Finance; (V) Other Powers of the Authority; (VI) General. Two schedules are attached too. With a view to financing the setting up of the Authority and the carrying out of related activities, Section 17 provides for the establishment of the Fund to be administered and controlled by the Authority itself. A Reserve Fund shall be created as well, in accordance with Section 19. Section 29 refers to the compulsory acquisition of land for the purposes of this Act, notwithstanding that a compensation shall be paid by the Authority.