Malaysia legislation
Section 14
of RUBBER INDUSTRY SMALLHOLDERS DEVELOPMENT AUTHORITY ACT 1972
Section 14
The Fund shall be expended for the following purposes:
(a)
paying any expenditure lawfully incurred by the Authority, including—
(i)
the remuneration of the officers and servants of the Authority, including the granting of loans, superannuation allowances, pensions and gratuities;
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(ii)
insurance coverage for the officers and servants of the Authority;
(iii)
costs incurred in providing for the welfare of the officers and servants of the Authority; and
(iv)
legal fees and costs and any other fees and costs;
(b)
paying any expenditure lawfully incurred by companies or corporations established under this Act to carry out or have the charge, conduct and management of a Scheme;
(c)
repaying cess for the purpose of replanting rubber plant or other crops as may be approved by the Authority;
(d)
granting loans or providing grants to smallholders for the purpose of improving their holdings;
(e)
paying travelling and other allowances to members, officers and servants of the Authority;
(f)
granting loans to the officers and servants of the Authority for the purchase or building of dwelling houses, the purchase of conveyances, computers or other items as may be approved by the Authority, on such terms and conditions as may be determined by the Authority;
(g)
training of the officers and servants of the Authority, and smallholders or families of smallholders;
(h)
contributing to a sports and recreational fund for the officers and servants of the Authority;
(i)
granting loans or scholarships for higher studies for serving officers and servants as well as prospective officers and servants of the Authority;
(j)
granting loans or scholarships for studies of the children of the officers and servants of the Authority and of smallholders;
(k)
contributing to bodies, organizations or associations set up for the benefit of smallholders;
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(l)
contributing to bodies or organizations of which the
Authority is a member;
(m)
providing loans or grants to institutions of higher learning within or outside Malaysia for the purpose of human resource development in the rubber industry;
(n)
granting loans or providing capital for companies or corporations established under this Act;
(o)
repaying any moneys borrowed under this Act and the interest due on such moneys;
(p)
purchasing or hiring equipment, machinery and any other materials, acquiring land and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this Act;
(q)
subject to the approval of the Minister, making contributions to any organization, whether within or outside Malaysia, for the purpose of promoting the replanting of rubber plant;
(r)
paying any other expenses, costs or expenditure properly incurred or accepted by the Authority in the performance of its functions or the exercise of its powers under this
Act; and
(s)
generally, paying any expenses for carrying into effect the provisions of this Act.
Conservation of Fund