Malaysia legislation

Section 29

of *EAST COAST ECONOMIC REGION DEVELOPMENT COUNCIL ACT 2008

Section 29

(2)

The Fund shall consist of—

(a)

such sums as may be provided by Parliament for the purposes of this Act from time to time;

(b)

all moneys earned by the operation of any project, scheme or enterprise financed from the Fund;

(c)

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

(d)

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

(e)

all moneys earned from consultancy and advisory services and any other service rendered by the Council;

(f)

fees, costs, contributions and other charges imposed by the

Council under this Act;

(g)

all other sums or property, other than sums mentioned in paragraph 25(2)(b), which may in any manner become payable to or vested in the Council in respect of any matter incidental to its functions, powers and duties;

East Coast Economic Region Development Council 35

(h)

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

(i)

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

(j)

all other moneys lawfully received by the Council.

Expenditure to be charged on the Fund