Malaysia legislation

Section 3

of FOREST CONCESSION AREA (REHABILITATION AND DEVELOPMENT) FUND ORDINANCE, 1985 ( Ord. No. 7/85 )

Section 3

(2)

The Fund shall consist of—

(a)

such sums as are credited to the Fund under section 52(4A);

(b)

of the Forests Ordinance [Cap. 126 (1958 Ed.)];

6

Ord. No. 7/85

(b)

all interests received by the Board upon such portion of the moneys of the Fund as may from time to time be invested in securities or through placement in deposit accounts or otherwise with any financial institution;

(c)

all profits, dividends and revenues from any investment made and from any forest concession or property held by the

Board;

(d)

all other moneys which may be donated, contributed, endowed, bequeathed or in any other manner paid into the Fund by the Government or any authority or person; and

(e)

all income derived from any participation or undertaking or investment by the Board in any land development scheme, securities, business or venture approved by the Board.

(3)

The Fund shall vest in and be administered by a Board of

Trustees.

[Am. Cap. A19; Am. Cap. A67.]

Members of the Board

Section 3 — FOREST CONCESSION AREA (REHABILITATION AND DEVELOPMENT) FUND ORDINANCE, 1985 ( Ord. No. 7/85 )