Malaysia legislation
Section 30
Section 30
The Fund shall be expended for the following purposes:
(a)
paying any expenditure lawfully incurred by the Institute;
(b)
paying for the remuneration, allowances and other expenses of the members of the Institute, members of the committees, officers and employees of the Institute, including the granting of loans and advances, superannuation allowances, retirement benefits and gratuities;
(c)
financing research and development activities;
(d)
contributing to bodies or organizations, within or outside
Malaysia, of which the Institute is a member or to such organizations related to sports science and sports medicine as the Minister may determine;
(e)
providing financial assistance under section 20;
(f)
paying any other expenses, costs or expenditure in relation to the procurement of goods and services, including the engagement of consultants, legal fees and costs and other fees and costs, properly incurred or accepted by the
Institute in the performance of its functions and exercise of its powers under this Act;
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(g)
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 and the exercise of its powers under this Act;
(h)
repaying any moneys borrowed under section 38 and the interest due on such moneys; and
(i)
generally, paying any expenses for carrying into effect the provisions of this Act.
Conservation of Fund