Malaysia legislation

Section 20

of RACING (TOTALIZATOR BOARD) ACT 1961

Section 20

Subject to any regulations made under section 29, the Board may from time to time distribute any moneys forming part of the funds of the Board and not required by it in the exercise of its powers under section 4 for all or any of the following purposes:

(a)

social and welfare purposes including the welfare of the blind, handicapped and under-privileged, the relief of poverty, the treatment of tuberculosis and the fostering of non-political youth movements; and

(b)

the promotion of sport generally in Malaysia including the provision of playing fields.

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Section 20 — RACING (TOTALIZATOR BOARD) ACT 1961 | mylaw.my