Malaysia legislation

Section 27

of AKADEMI SENI BUDAYA DAN WARISAN KEBANGSAAN ACT 2006

Section 27

(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 Akademi by the Government;

(c)

any voluntary gift to the Akademi;

(d)

moneys earned by the operation of any project, scheme or enterprise financed from the Fund;

(e)

any property, investment, subvention, lease, mortgage, charge or debenture acquired by or vested in the Akademi;

(f)

moneys earned or arising from any property, investment, subvention, lease, mortgage, charge acquired by or vested in the Akademi; and

(g)

all other sums or property which may in any manner become payable to or vested in the Akademi in respect of any matter incidental to its powers, functions and duties.

(3)

All the moneys paid to the Akademi shall be applied or expended by the Akademi for all or any of the purposes of the

Akademi in accordance with the estimates approved by the Minister.

Conservation of Fund

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