Section 19
⎯(1)
of Perbadanan Pembangunan Ekonomi Sarawak Ordinance, 1958
State OrdinanceIn forceProvision 19 of 67
Section 19
It shall be the duty of the Corporation so to exercise and perform its functions as to secure that its revenues are not less than sufficient to meet all sums properly chargeable to its revenue account, taking one year with another.
(2)
Any excess of the revenues of the Corporation for any financial year thereof over the sums properly chargeable to its revenue account for that year shall be applied by the Corporation for such purposes as it may, with the approval of the Majlis Mesyuarat
Kerajaan Negeri, determine.