Malaysia legislation
Section 20
Section 20
The Fund shall be expended for the following purposes:
(a)
paying any expenditure lawfully incurred by the
Perbadanan, including—
(i)
the remuneration, allowances and other expenses of the members of the Perbadanan and any committee and the officers and servants of the Perbadanan, including the granting of loans and advances, superannuation allowances, retirement benefits, pensions and gratuities;
Perbadanan Stadium Malaysia 21
(ii)
insurance coverage for the officers and servants of the Perbadanan;
(iii)
costs incurred in providing for the welfare of the officers and servants of the Perbadanan;
(iv)
legal fees and costs and any other fees and costs;
(b)
paying other expenses, costs and expenditure lawfully incurred or accepted by the Perbadanan in the performance of its functions or the exercise of its powers under this Act;
(c)
purchasing or hiring plant, equipment, machinery and materials, acquiring land and other assets, erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this Act;
(d)
granting financial assistance under section 18; and
(e)
generally paying any expenses for carrying into effect the provisions of this Act.
Conservation of the Fund