Malaysia legislation
Section 29
Section 29
The Fund shall be expended for the following purposes:
(a)
paying any expenditure lawfully incurred by the Agency;
(b)
paying for the remuneration, allowances and other expenses of the members of the Council, members of the committees, officers and employees of the
Agency, including the granting of loans and advances, superannuation allowances, retirement benefits and gratuities;
(c)
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 Agency in the performance of its functions and exercise of its powers under this Act;
(d)
paying any other expenses, costs or expenditure properly incurred or accepted by the Agency in the performance of its functions or the exercise of its powers under this
Act;
(e)
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;
Act 679
(f)
repaying monies borrowed under section 32 and the interest due on the borrowed monies;
(g)
granting loans, scholarships and advances to its employees under section 24; and
(h)
generally, paying any expenses for carrying into effect the provisions of this Act.
Conservation of Fund