Malaysia legislation
Section 39
Section 39
The revenue of a local authority shall consist of—
(a)
all taxes, rates, rents, licence fees, dues and other sums or charges payable to the local authority by virtue of the provisions of this Act or any other written law;
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(b)
all charges or profits arising from any trade, service or undertaking carried on by the local authority under the powers vested in it;
(c)
all interest on any money invested by the local authority and all income arising from or out of the property of the local authority, movable and immovable; and
(d)
all other revenue accruing to the local authority from the
Government of the Federation or of any State or from any statutory body, other local authority or from any other sources as grants, contributions, endowments or otherwise.
Local Authority Fund