Malaysia legislation
Section 30
Section 30
(2)
A board shall have power, for the purpose of the discharge of its duty under this Act—
(a)
to carry on all activities the carrying on whereof appears to it to be requisite, advantageous or convenient for or in connection with the discharge of its said duty;
(b)
to promote and co-ordinate the carrying on of any such activities by corporations established by the board and to give assistance to such corporations, including financial assistance, by way of grant loan or otherwise;
(c)
to carry on such activities in association with corporations or other boards, bodies or persons (including departments of the Federal Government or of any State Government)
or as managing agents or otherwise on their behalf;
(d)
to make loans, subject to such conditions as the board may think fit, in accordance with this Act;
Act 474
(e)
to do anything and to enter into any transaction (whether or not involving expenditure, borrowing in accordance with this Act in that behalf, granting of loans or investment of money, the acquisition, use and disposal of any movable or immovable property, including rights) which in its opinion is calculated to facilitate the proper discharge of its functions or is incidental or conducive thereto.
(3)
In addition to the duties imposed under this Act, a board may undertake such other functions and administer and expend such other moneys for such purposes as the State Authority may assign to the board and in so doing the board shall be deemed to be fulfilling the purposes of this Act and this Act shall apply to the board in respect of such functions and the administration and expending of such moneys:
Provided always that the accounts of such moneys shall be kept separate and apart from those of the board.
Directions to boards