Malaysia legislation

Section 22

of PERBADANAN PEMBANGUNAN BANDAR ACT 1971

Section 22

The Fund shall be expended for the purpose of-

(a)

paying all expenses incurred under sections 27 and 28;

(b)

granting loans under section 30;

(c)

paying any expenses lawfully incurred by the Perbadanan, including survey, legal and other fees and costs, and the remuneration of officers and servants appointed and employed by the Perbadanan, including superannuation allowances, pensions or gratuities;

(d)

paying any other expenses, cost or expenditure properly incurred or accepted by the Perbadanan in the execution of its duty or in the discharge of its functions under section 3;

(e)

purchasing or hiring plant, equipment, machinery, stores and any other materials and acquiring land and erecting buildings and carrying out any other works and undertakings in the execution of its duty or in the discharge of its functions under section 3;

(f)

repaying any moneys borrowed under this Act and the interest due thereon or set apart any sum required to be transferred to a sinking fund for the purpose of making provision for the repayment of such moneys and the interest thereon; and

(g)

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