Malaysia legislation

Section 10

of *MALAYSIA PRODUCTIVITY CORPORATION (INCORPORATION) ACT 1966

Section 10

Establishment of the Fund

(2)

The Fund shall consist of―

(a)

such sums as may be provided from time to time for the purposes of the Corporation by Parliament;

(b)

such sums as may be allocated from time to time to the

Corporation from loan funds;

(c)

all sums from time to time received by or falling due to the

Corporation in respect of the repayment of any loan made by the

Corporation its officers and servants in accordance with rules made under paragraph 5(2)(d) and the interest payable in respect of any such loan;

Malaysia Productivity Corporation (Incorporation) 17

(d)

moneys earned by the operation of any project, scheme or enterprise financed from the Fund and any fees received by the

Corporation by virtue of section 9;

(e)

moneys earned or arising from any property, investments, mortgages, charges or debentures acquired by or vested in the

Corporation;

(f)

any property, investments, mortgages, charges or debentures acquired by or vested in the Corporation;

(g)

sums borrowed by the Corporation for the purpose of meeting any of its obligations or discharging any of its duties;

(h)

any voluntary gift or donation to the Corporation; and

(i)

all other sums or property which may in any manner become payable to or vested in the Corporation in respect of any matter incidental to its powers and duties.

(3)

In this section the expression “loan funds” means such sums as may be made available from time to time to the Government by way of loan.

Duties of the Corporation to conserve the Fund