Malaysia legislation
Section 32
Section 32
The Fund shall be expended for the purposes of—
(a)
paying any expenditure lawfully incurred by the Authority, including survey and legal fees and costs and other fees and costs;
(b)
paying for the remuneration or allowances of the members of the Authority, any committee or, officers and servants of the Authority, including the granting of loans and advances, superannuation allowances, retirement benefits, pensions and gratuities;
(c)
paying for the allowances and other expenses of invitees to meetings of the Authority or any committee;
(d)
paying any other expenses, costs or expenditure lawfully incurred or accepted by the Authority in the performance of its functions or the exercise of its powers under this
Act;
(e)
purchasing or hiring plant, equipment, machinery and materials, acquiring land and other assets, and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this Act;
(f)
repaying any moneys borrowed under this Act and the interest due on the borrowed moneys;
(g)
granting financial assistance under section 21;
(h)
granting incentives to investors in the Northern Corridor
Economic Region meeting the criteria prescribed by the
Authority from time to time; and
(i)
generally paying any expenses for carrying into effect the provisions of this Act.
Northern Corridor Implementation Authority 39
Conservation of the Fund