Malaysia legislation

Section 21

of *LEMBAGA KEMAJUAN WILAYAH PULAU PINANG ACT 1983

Section 21

Expenses to be charged on the Fund

The Fund shall be expended for the purpose of—

(a)

granting loans under section 28;

(b)

paying any expenses lawfully incurred by the

Lembaga,including survey, legal and other fees and costs, and the remuneration of officers and servants appointed and employed by the Lembaga, including superannuation allowances, pensions or gratuities;

(c)

paying any other expenses, costs or expenditure properly incurred or accepted by the Lembaga in the execution of its duties or in the discharge of its functions under section 4;

(d)

purchasing or hiring plant, equipment, machinery, stores and any other materials, acquiring land and erecting buildings, and carrying out any other works and undertakings in the execution of its duties or in the discharge of its functions under section 4;

(e)

repaying any moneys borrowed under this Act and the interest due thereon; and

(f)

generally, paying any expenses for carrying into effect the provisions of this Act.

26 Laws of Malaysia

Expenditure and preparation of estimates

Section 21 — LEMBAGA KEMAJUAN WILAYAH PULAU PINANG ACT 1983