Section 29
Investment
of Malaysian Pepper Board Act 2006
ActIn forceProvision 29 of 87
Section 29
(1)
The moneys of the Board shall, in so far as they are not required to be expended by the Board under this Act, be invested in such manner as the Minister and the Minister of Finance may approve.
(2)
Without prejudice to the generality of subsection (1), the
Board may, with the approval of the Minister, acquire and develop land and property for or in connection with the exercise of its powers and for this purpose may enter into such negotiations, arrangements or agreements as may be necessary for generating income required for the operation of the Board.