Malaysia legislation
Section 23
Section 23
The Fund shall be expended for the purposes of—
(a)
paying any expenditure lawfully incurred by the Board, including—
(i)
the remuneration of the officers and servants of the Board, including the granting of loans, superannuation allowances, pensions or gratuities;
(ii)
insurance coverage for the officers and servants of the Board;
(iii)
costs incurred in providing for the welfare of the officers and servants of the Board;
(iv)
allowances of the members and members of committees established under section 18; and
(v)
legal fees and costs and any other fees and costs;
(b)
financing research and development activities;
(c)
contributing to bodies or organizations, whether within or outside Malaysia, of which the Board is a member or to such organizations related to the kenaf industry and tobacco industry as the Minister may determine;
(d)
providing financial assistance to the kenaf planters or licensed curer with the approval of the Minister after consultation with the Minister of Finance;
(e)
granting loans, scholarships, advances or grants, as the case may be, to any person, officers and servants of the Board or to institutions of higher learning within or outside Malaysia;
Act 692
(f)
granting loans or providing capital for companies established by the Board under this Act;
(g)
paying any other expenses, costs or expenditure properly incurred or accepted by the Board in the performance of its functions or the exercise of its powers under this Act;
(h)
subject to the approval of the Minister, making contributions to any organization, whether within or outside Malaysia, for the purpose of promoting the marketing of kenaf and kenaf products;
(i)
purchasing or hiring equipment, machinery and any other materials, acquiring land 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;
(j)
repaying any moneys borrowed under this Act and the interest due on such moneys;
(k)
paying any reward under section 87; and
(l)
generally, paying any expenses for carrying into effect the provisions of this Act.
Conservation of Fund