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In forceUpdated to 15 May 2016Read it in Bahasa Malaysia
Contents

Part VI · Finance

Section 29

(1)

A fund to be known as the “National Sports Institute

Fund” is established.

(2)

The Fund shall be controlled, maintained and operated by the Institute.

(3)

The Fund shall consist of—

(a)

such sums as may be provided by Parliament for the purposes of this Act from time to time;

(b)

moneys earned by the operation of any project, scheme or enterprise financed from the Fund;

(c)

moneys earned or arising from any property, investment, mortgage, lease, tenancy, charge or debenture acquired by or vested in the Institute;

(d)

any property, investment, mortgage, lease, tenancy, charge or debenture acquired by or vested in the Institute;

(e)

sums borrowed by the Institute for the purposes of meeting any of its obligations or discharging any of its duties;

26 Laws of Malaysia ACT 729

(f)

moneys earned from consultancy and advisory services and any other services rendered by the Institute;

(g)

moneys received by the Institute by way of grants;

(h)

all other moneys lawfully received by the Institute; and

(i)

all other sums and property which may in any manner become payable to or vested in the Institute in respect of any matter incidental to its functions and powers.

Report

Part VII

Other Powers of the Institute

Part VIII

General

Schedules