Malaysia legislation

Section 22

of *NATIONAL VISUAL ARTS DEVELOPMENT BOARD ACT 2011

Section 22

(2)

The Fund shall consist of—

(a)

such sums as may be provided annually by Parliament for the purposes of this Act;

(b)

such sums as may be paid to the Board from time to time for loans made by the Board;

(c)

moneys received by the Board as donations, grants howsoever received or moneys earned from the operation of any project, scheme or enterprise financed from the

Fund;

(d)

moneys earned or arising from any property, investment, mortgage, charge or debenture acquired by or vested in the Board;

Nasional Visual Arts Development Board 21

(e)

any property, investment, mortgage, charge or debenture acquired by or vested in the Board;

(f)

sums borrowed by the Board for the purposes of meeting any of its obligations or discharging any of its duties;

(g)

moneys collected by the Board under regulations made under this Act and specified therein as sums payable into the Fund; and

(h)

all other sums or property which may in any manner become payable to or vested in the Board in respect of any matter incidental to its functions, powers and duties.

Expenditure to be charged on the Fund