Section 10

such sums as may be provided from time to time by the

Government;

moneys earned by the Authority in the performance of any of its functions;

donations and contributions received from within or outside

Malaysia; and

all other moneys belonging to or which may in any manner become payable to the Authority in respect of any matter incidental to its functions and powers.

15

Malaysian Investment Development

Authority (Incorporation)

Expenditure to be charged on the Fund 10a.  The Fund shall be expended for the purposes of—

paying any fees, costs or expenses lawfully incurred by the

Authority, including the remuneration, superannuation and other allowances, pensions or gratuities of officers, servants or agents of the Authority;

paying any other costs or expenditure properly incurred or accepted by the Authority in the exercise of its powers or in the performance of its functions;

giving grants, loans or any financial assistance to members of the private sector for purposes approved by the Minister;

(ca) giving financial assistance or credit facilities, with or without interest, or any contribution to any person for educational purposes, scholarships or any other purposes subject to the approval of the Minister with the concurrence of the Minister of Finance;

granting loans for such purposes as may be prescribed by regulations to officers and servants of the Authority; and

generally, paying any expenses for carrying into effect the provisions of this Act.

Investment 10aa.  The moneys of the Authority, insofar as they are not required to be expended by the Authority under this Act, may be invested in such manner as the Minister may, with the concurrence of the Minister of Finance, approve.

Deposit of the Fund 10b.  The Authority may, with the approval of the Minister and the concurrence of the Minister of Finance, place the moneys of the Fund on deposit with such financial institution as may be approved by the

Minister.

16

Act 397

Balancing revenue of the Fund 10c.  It shall be the duty of the Board to perform its functions and exercise its powers under this Act so as to secure that the total revenues of the Authority are, subject to any directions given by the Minister under section 5, sufficient to meet all sums properly chargeable to its revenue account including depreciation and interest on capital taking one year with another.

Expenditure and preparation of estimates 10d.  (1)  Before the beginning of September of each year the Board shall submit to the Minister an estimate of the expenditure (including expenditure for development projects) for the following year in such form and containing such particulars as the Minister may direct; and the Minister shall, before the beginning of the following year, notify the Authority of the amount authorised for expenditure generally or of the amount authorised for each description of expenditure.