Malaysia legislation
Section 57
Section 57
(a)
such sum as shall be annually appropriated by the State
Legislative Assembly necessary for the purposes of the
Fund for the following financial year;
(b)
the forest development cess collected under section 60;
(c)
any loan or grant given to the State Authority by the
Federal Government for the purposes of the Fund;
(d)
any money paid to the State Authority under subsection 24(2); and
(e)
all moneys collected under any previous forest law by the State Authority for the purpose of financing research on forestry, silviculture works, forest surveys, inventory and other related operations connected with forest development in the State, which remains unexpended.
(2)
All moneys paid into the Fund shall—
(a)
be deposited in Bank Negara Malaysia or in any bank duly licensed under the *Banking Act 1973 [Act 102]; or
(b)
be invested in accordance with the Trustee Act 1949
[Act 208].
*NOTE—The Banking Act 1973 [Act 102] has since been repealed by the Banking and Financial
Institutions Act 1989 [Act 372]–see section 128 of Act 372.
ACT 313 38
Purposes of the Fund