Section 16
of Lembaga Pembangunan Langkawi Act 1990
Section 16
(1)
There is hereby established, for the purposes of this Act, a fund to be administered and controlled by the Lembaga.
(2)
The Fund shall consist of—
(a)
such sums as may be provided from time to time for those purposes by the Parliament or the State Legislative
Assembly;
(b)
such sums as may be paid from time to time to the
Lembaga from loans made by the Lembaga;
(c)
moneys earned by the operation of any project, scheme or enterprise financed from the Fund;
(d)
moneys earned or arising from any property, investments, mortgages, charges or debentures acquired by or vested in the Lembaga;
(e)
any property, investment, mortgages, charges or debentures acquired by or vested in the Lembaga;
(f)
sums borrowed by the Lembaga for the purposes of meeting any of its obligations or discharging any of its duties; and
(g)
all other sums or property which may in any manner become payable to or vested in the Lembaga in respect of any matter incidental to its functions, powers and duties.