Malaysia legislation
Section 98
Section 98
Establishment of Railway Assets Corporation Fund
(2)
The Fund shall consist of—
(a)
such sums as may be provided by the Federal
Government from time to time for the purposes of the Corporation under this Part;
(b)
such sums as may be made available from time to time to the Corporation by way of loans; and
(c)
moneys earned or arising from any sale of property or any other transaction relating to property or investments, mortgages, charges or debentures acquired by or vested in the Corporation.
(3)
The Fund shall be expended for the purposes of paying any expenditure lawfully incurred by the Corporation for carrying into effect the provisions of this Part and the remuneration of officers and servants appointed and employed by the Corporation, including superannuation allowances, pensions or gratuities.
(4)
The expenditure of the Corporation up to such amount as
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may be authorized by the Minister of Finance, after consultation with the Minister, for any one year shall be defrayed out of the
Fund.
(5)
Before the beginning of each financial year, the
Corporation shall submit to the Minister of Finance an estimate of the expenditure (including those for development projects) for the following year in such form and containing such particulars as the Minister of Finance may require, and the Minister of
Finance shall, after consultation with the Minister, before the beginning of that following year, notify the Corporation of the amount authorized for expenditure generally or of the amounts authorized for each description of expenditure.
(6)
The Corporation may, at any time, submit to the Minister of Finance a supplementary estimate for any one year and the
Minister of Finance may, after consultation with the Minister, allow the whole or any part of the additional expenditure.
Ineligibility for employment as officers or servants of the
Corporation