Malaysia legislation
Section 14
of MALAYSIAN AGRICULTURAL RESEARCH AND DEVELOPMENT INSTITUTE ACT 1969
Section 14
For the purposes of this Act there shall be established the
Malaysian Agricultural Research and Development Fund (hereinafter referred to as the “Fund”) to be administered by the Board in accordance with the provisions of this Act—
(a)
into which shall be paid any special cesses which may be imposed or collected in accordance with section 20;
(b)
into which shall be paid any grants made to the
Institute by the Federal or any State Government;
(c)
into which shall be paid any moneys from any sources, contributions, endowments, gifts or bequests as may be made to or in favour of the Institute;
(d)
from which shall be defrayed all expenditure relating to the administration of the Institute, the Board and the
Scientific Council and such other expenditure as may be paid in accordance with the provisions of this Act;
(e)
from which shall be defrayed any expenditure incurred in providing for the welfare of the officers and servants of the Institute with the approval of the Minister.
Statutory Bodies (Accounts and Annual Reports) Act 1980