Iskandar Regional Development Authority Act 2007 · Updated to 1 Nov 2012 · Part VI · Finance
34. Expenditure to be charged on the Fund
Official textFrom Laws of Malaysia Online, unchanged
The Fund shall be expended for the purposes of—
Fund
“Fund” means the Iskandar Regional Development Authority Fund established under section 33;
paying any expenditure lawfully incurred by the Authority, including survey and legal fees and costs and other fees and costs;
Authority
“Authority” means the Iskandar Regional Development Authority established under section 3;
paying for the remuneration, allowances and other expenses of the members of the Authority, the Approvals and
Approvals
“Approvals” means licences, permits or passes, registrations and other approvals including those related to the admission into, and departure from, Malaysia, of non-Malaysian citizens, and for tax, customs and excise duties and other fiscal incentives, required for or in connection with trade, investment and development in the Iskandar Development Region;
Implementation Committee, any committee, officers and servants of the Authority including the granting of loans and advances, superannuation allowances, retirement benefits, pensions and gratuities;
committee
“committee” means a committee established by the Authority under section 14;
paying any other expenses, costs or expenditure lawfully incurred or accepted by the Authority in the performance of its functions or the exercise of its powers under this
Act;
purchasing or hiring plant, equipment, machinery and materials, acquiring land and other assets, and 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;
repaying any moneys borrowed under this Act and the interest due on the borrowed moneys;
granting financial assistance under section 20; and
generally paying any expenses for carrying into effect the provisions of this Act.
Terms defined in s 2
Approvals and Implementation Committee
Defined · s 2“Approvals and Implementation Committee” means the Approvals and Implementation Committee established under section 30;
Authority
Defined · s 2“Authority” means the Iskandar Regional Development Authority established under section 3;
committee
Defined · s 2“committee” means a committee established by the Authority under section 14;
Fund
Defined · s 2“Fund” means the Iskandar Regional Development Authority Fund established under section 33;
Part VII