Malaysian Palm Oil Board Act 1998 · Updated to 1 Jan 2006 · Part IV · Finance
36. Expenditure and preparation of estimates
Feedback & supportThe expenditure of the Board up to such amount as may be authorized by the Minister for any one year shall be defrayed out of the Fund.
Before the beginning of September of each year, the Board shall submit to the Minister an estimate of the expenditure (including the expenditure for research and development activities) for the following year in such form and containing such particulars as the
Minister may direct; and the Minister shall, before the beginning of the following year, notify the Board of the amount authorized for expenditure generally or of the amounts authorized for each description of expenditure.
The Board may at any time submit to the Minister a supplementary estimate for any one year and the Minister may allow the whole or any part of the additional expenditure included in the supplementary estimate.
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Malaysian Palm Oil Board
palm oil
“palm oil” means oil, whether in crude or processed form,originating or extracted from the pericarp of the oil palm fruit, and includes oil, whether in crude or processed form originating or extracted from the kernel of the oil palm fruit;