Malaysia legislation

Section 23

of FOREST RESEARCH INSTITUTE MALAYSIA ACT 2016

Section 23

(2)

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

(3)

The Fund shall consist of—

(a)

such sums as the Federal Government or any State

Government may provide for the purposes of this Act;

Forest Research Institute Malaysia 21

(b)

moneys collected under section 29;

(c)

moneys distributed as dividends from the companies established under section 30;

(d)

fees, royalties and other consideration under sections 31

and 37 and moneys earned from any intellectual property rights, shares, equities and licensing agreements;

(e)

moneys earned from the entrance fees and any other fees or charges for services provided by the Institute and the use of its facilities under section 32;

(f)

moneys borrowed by the Institute under section 33;

(g)

moneys earned by the operation of any programmes, schemes, projects or activities financed from the Fund;

(h)

moneys earned or arising from any sale, disposal, investment, mortgage, lease, tenancy, charge or debenture or any other dealing with any property, acquired by or vested in the Institute;

(i)

moneys from any sources, contributions, endowments, gifts or bequests as may be made to or in favour of the

Institute;

(j)

donations and contributions received from any government, body or organization within or outside Malaysia; and

(k)

all other moneys, sums or 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 the Fund