Malaysia legislation
Section 39
Section 39
Moneys credited to general account, how expended
The moneys credited to the general account of the Commission shall be held by the Commission in trust, and shall be applied by it in payment of the following charges, in the order following:
(a)
the salaries, wages, fees, allowances, gratuities, pensions, compensation and compassionate allowances due to the members of the Commission, and to the officers and servants of the Commission, and the contributions, if any, to any provident fund to which the Commission is liable to contribute on behalf of its officers and servants under any written law; and, if any such provident fund is established by the Commission, the costs and expenses, if any, which are incurred by the Commission in the conduct and administration thereof;
(b)
the interest due on any mortgages, debentures or debenture stock issued, and on any loan raised, by the Commission;
(c)
the sums required to be transferred to a sinking fund or otherwise set aside for the purpose of making provision for the redemption of mortgages, debentures or debenture stock or the repayment of other borrowed moneys;
(d)
the cost of repair and maintenance of the property vested in or under the control of the Commission, and all working expenses of the same;
(e)
the cost, or any portion of the cost, of any new work, plant, vessel or appliance which the Commission determines to charge to revenue;
(f)
the gratuities and compassionate allowances granted by the Commission to officers and servants injured or to the surviving relatives of officers and servants killed in the execution of their duty;
(g)
such sums by way of contribution to public or charitable objects or staff welfare as the Commission with the approval of the Minister may determine; and
(h)
such sums by way of contribution to the Government in respect of the capital investment of the undertaking as the Minister may direct.
36
Disposal of balances