Malaysia legislation

Section 10

of PALM OIL RESEARCH AND DEVELOPMENT ACT 1979

Section 10

(2)

The following shall be paid into the Fund:

(a)

any grant made to the Board by the Federal or any State Government;

(b)

all monies collected under section 14;

(c)

all monies borrowed by the Board under section 11;

(d)

all monies earned or arising from any investment under section 12 or from any properties, mortgages, charges or debentures; and

(e)

monies received from other sources.

(3)

The Fund shall be applied for defraying the following:

(a)

expenses incurred by the Board in administering the Fund and in exercising its functions under this Act;

(b)

expenses for research and development concerned with the production, extraction, processing, storage, transportation, marketing, consumption and uses of palm oil and oil palm products;

(c)

the dissemination of information and publicity aimed at stimulating increase or improvement in the production, marketing and consumption of palm oil and oil palm products;

(d)

the provision of funds to the Institute and to any other organisation which the Board thinks expedient from time to time to commission research, development or publicity activities;

(e)

contributions to international bodies of which the Federation is a participating country dealing with the supply and demand of palm oil and oil palm products or with research upon or the development of palm oil and oil palm products; and

(f)

repayment of monies borrowed by the Board under section 11.