Malaysian Rubber Board (Incorporation) Act 1996 · s 35

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35.
Expenditure to be charged on Fund
The Fund shall be expended for the purpose of—
(a) paying any expenditure lawfully incurred by the Board, including  legal fees and costs and other fees and costs, and the remuneration of officers and servants of the Board, including the granting of loans, superannuation allowances, pensions or gratuities;
(b) financing research and development activities;
(c) contributing to research centres established under this

Act;
(d) contributing to the Tun Abdul Razak Research Centre;

Malaysian Rubber  Board (Incorporation)                        31
(e) contributing to international rubber bodies or organizations of which  the Board is a member;
(f) contributing to organizations related to the rubber industry as the  Minister may determine;
(g) financing scholarships for higher education as may be approved  by  the Board;
(h) granting loans to institutions of higher learning within or outside Malaysia concerned in the teaching and training of rubber  technologists;
(i) granting  loans  or  providing  capital  for  corporations established  under this Act;
(j) financing the operation and activities of the Malaysian

Rubber Exchange;
(k) paying any other expenses, costs or expenditure properly incurred or accepted by the Board in the performance of its functions or the exercise of its powers under this Act;
(l) purchasing or hiring equipment, machinery and any other materials,  acquiring  land  and  erecting  buildings,  and carrying out any  other works and undertakings in the performance of its functions or the exercise of its powers under this Act;
(m) repaying any moneys borrowed under this Act and the interest due  thereon; and
(n) generally, paying any expenses for carrying into effect the  provisions of this Act.

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s 35Expenditure to be charged on Fund

The Fund shall be expended for the purpose of—

(a)

paying any expenditure lawfully incurred by the Board, including legal fees and costs and other fees and costs, and the remuneration of officers and servants of the Board, including the granting of loans, superannuation allowances, pensions or gratuities;

(b)

financing research and development activities;

(c)

contributing to research centres established under this

Act;

(d)

contributing to the Tun Abdul Razak Research Centre;

Malaysian Rubber Board (Incorporation) 31

(e)

contributing to international rubber bodies or organizations of which the Board is a member;

(f)

contributing to organizations related to the rubber industry as the Minister may determine;

(g)

financing scholarships for higher education as may be approved by the Board;

(h)

granting loans to institutions of higher learning within or outside Malaysia concerned in the teaching and training of rubber technologists;

(i)

granting loans or providing capital for corporations established under this Act;

(j)

financing the operation and activities of the Malaysian

Rubber Exchange;

(k)

paying any other expenses, costs or expenditure properly incurred or accepted by the Board in the performance of its functions or the exercise of its powers under this Act;

(l)

purchasing or hiring equipment, machinery and any other materials, acquiring land and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers under this Act;

(m)

repaying any moneys borrowed under this Act and the interest due thereon; and

(n)

generally, paying any expenses for carrying into effect the provisions of this Act.