Malaysia legislation
Section 10
Section 10
The Fund may be used for ―
(a)
defraying such expenditures as the Joint Authority may incur in carrying out its functions and exercising its powers in accordance with the approved budgetary provisions and subject to any regulation made under section 15;
(b)
settling any moneys borrowed by the Joint Authority under paragraph 12(1)(c), including interests and other charges incidental to the borrowing;
(c)
such investments as the Joint Authority may decide subject to the approval of the Governments; and
(d)
subject to section 11, payment of moneys in equal amounts to the Governments out of income accruing to the Joint Authority after deducting the expenditures referred to in paragraphs (a) and (b) including such other expenditures as may be agreed to by the Governments.
Reserve Fund