Malaysia legislation

Section 12

of LEMBAGA PADI DAN BERAS NEGARA ACT 1971

Section 12

For the purpose of this Act, there is hereby established a fund (hereinafter referred to as the "Fund") to be administered and controlled by the Lembaga—

(a)

into which shall be paid:

(i)

such sums as may be provided from time to time by Parliament;

(ii)

such sums as may from time to time be borrowed by the Lembaga for the purpose of meeting any of its obligations or discharging any of its duties;

(iii)

all monies earned by the operation of any project, scheme or enterprise financed from the Fund;

(iv)

all monies earned or arising from any property, investment, mortgage, charges or debentures acquired by or vested in the Lembaga; and

(v)

fees, charges or other sums or property which may in any manner become payable to, or vested in, the Lembaga in respect of any incidental to its powers and duties;

(b)

out of which shall be defrayed—

(i)

all expenditure (including capital expenditure) incurred by the Lembaga in carrying out its functions; and

(ii)

monies for the repayment of any loan made to the Lembaga pursuant to its power to borrow.

Read in full context — LEMBAGA PADI DAN BERAS NEGARA ACT 1971 →