Malaysian Palm Oil Board Act 1998 · Updated to 1 Jan 2006 · Part IV · Finance
32. The Fund
Feedback & supportThere is established, for the purposes of this Act, a fund to be known as the “Malaysian Palm Oil Board Fund”, to be administered and controlled by the Board.
The Fund shall consist of—
Fund
“Fund” means the Malaysian Palm Oil Board Fund established under section 32;
such sums as may be provided for the purposes of this
Act by the Federal or any State Government;
moneys earned by the operation of any project, scheme or enterprise financed from the Fund;
moneys earned or arising from any property, investment, mortgage, charge or debenture acquired by or vested in the Board;
any property, investment, mortgage, charge or debenture acquired by or vested in the Board;
sums borrowed by the Board for the purposes of meeting any of its obligations or discharging any of its duties;
moneys earned from the consultancy, advisory or any other services provided by the Board;
moneys collected or paid under section 35;
moneys collected or paid under section 71;
moneys collected by the Board under the regulations made under this Act and specified therein as sums payable into the Fund;
moneys distributed as dividends from the corporations established under this Act;
donations and contributions received from within or outside
Malaysia and includes moneys received from any government or organization outside Malaysia; and
all other sums or property which may in any manner become payable to or vested in the Board in respect of any matter incidental to its functions and powers.
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