Malaysia legislation
Section 11
of NATIONAL INSTITUTE FOR SCIENTIFIC AND INDUSTRIAL RESEARCH (INCORPORATION) ACT 1971
Section 11
THE FUND AND ACCOUNT
For the purpose of this Act, there is hereby established a fund to be administered and controlled by the Council—
(a)
into which shall be paid—
(i)
any money appropriated from time to time by Parliament for the purpose of the Institute;
(ii)
all monies received by the Institute from the collection of fees and the sales of any publications;
(iii)
all monies received by the Institute in pursuance of section 16 (2) (a) of this Act;
(iv)
any grant or fund received by way of contribution, endowment, gift, or bequest from any source as may be made to or in favour of the Institute; and
(v)
all other monies which may in any manner become payable or vested in the Institute in respect of any matter incidental to its functions or to the exercise of the powers and duties of the Council; and
(b)
out of which shall be defrayed—
(i)
such expenditure relating to the administration and functions of the Institute and the Council as approved by the Minister for any one year; and
(ii)
such other expenditure as may be paid in accordance with the provisions of this Act.