Malaysia legislation

Section 23

of MALAYSIAN PEPPER BOARD ACT 2006

Section 23

(2)

The Fund shall be controlled, maintained and operated by the Board.

(3)

The Fund shall consist of—

(a)

such sums as may be provided for the purposes of this

Act by the Federal or any State Government;

(b)

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

(c)

moneys earned or arising from any property, investment, mortgage, lease, tenancy, charge or debenture acquired by or vested in the Board;

(d)

any property, investment, mortgage, lease, tenancy, charge or debenture acquired by or vested in the Board;

(e)

sums borrowed by the Board for the purposes of meeting any of its obligations or discharging any of its duties;

(f)

moneys earned from the consultancy, advisory or any other services provided by the Board;

(g)

moneys collected or paid under section 64;

Act 656

(h)

moneys collected by the Board under the regulations made under this Act and specified therein as sums payable into the Fund;

(i)

moneys distributed as dividends from the corporations established under this Act;

(j)

donations and contributions received from within or outside Malaysia and includes moneys received from any government or organization outside Malaysia; and

(k)

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

Expenditure to be charged on the Fund