Malaysia legislation
Section 10
Section 10
(2)
The Fund shall consist of—
(a)
such sums as may be provided from time to time by
Parliament;
(b)
such sums as may from time to time be lent to the Board by the Government;
(c)
moneys earned by the operation of any project, scheme or enterprise financed from the Fund;
(d)
all sums or property which may in any manner become payable to or vested in the Board in respect of any matter incidental to its powers and duties;
(e)
any voluntary gift to the Board or to the Politeknik.
(3)
All the moneys paid to the Board or the Politeknik shall be applied or expended by the Politeknik for all or any of the purposes of the Politeknik in accordance with the estimates approved by the
Minister.
(4)
It shall be the duty of the Board to conserve the Fund by so exercising and performing its functions and duties under this
Act so as to secure that the total revenues of the Board are sufficient to meet all sums properly chargeable to its revenue account.
(5)
The Fund may be placed on deposit with a bank in Malaysia holding a valid licence under the provisions of the Banking and
Financial Institutions Act 1989 [Act 372] or invested in the securities of the Government or such other securities as may be approved in writing by the Minister of Finance.
10
Annual Estimates