Malaysia legislation
Section 26
Section 26
Expenditure and preparation of estimates
(2)
Before the beginning of the month of June of each year, the
Institute shall submit to the Minister an estimate of the expenditure
(including the expenditure for research and development activities and development projects) for the following year in such form and containing such particulars as the Minister may direct.
(3)
The Minister shall, before the beginning of the month of
December of that year, notify the Institute of the amount authorized for expenditure generally or of the amounts authorized for each description of expenditure.
(4)
The Institute may, at any time, submit to the Minister a supplementary estimate for any one year and the Minister may allow the whole or any part of the additional expenditure included in the supplementary estimate.
Act 782
Reserve fund