Malaysia legislation

Section 29

of *NATIONAL SPORTS INSTITUTE ACT 2011

Section 29

(2)

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

(3)

The Fund shall consist of—

(a)

such sums as may be provided by Parliament for the purposes of this Act from time to time;

(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 Institute;

(d)

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

(e)

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

26 Laws of Malaysia ACT 729

(f)

moneys earned from consultancy and advisory services and any other services rendered by the Institute;

(g)

moneys received by the Institute by way of grants;

(h)

all other moneys lawfully received by the Institute; and

(i)

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

Expenditure to be charged on Fund