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Section 26

of Rubber Industry Board Enactment 1981

State EnactmentIn forceProvision 45 of 74

Section 26

(1)

Subject to the provisions of the Rubber Industry Replanting Fund Ordinance

[Cap. 170.], there shall be established a Fund to be known as the "Rubber Fund" which shall consist of –

(a)

such sums as may from time to time be provided by the Legislative

Assembly out of the general revenues of the State of Sabah or donated by the Government of Sabah, or the Government of Malaysia or of any other State thereof or by any other institution or person for the purpose of the Board;

(b)

all moneys to be collected from the cess imposed on rubber and raw rubber under the provisions of subsection (1) of section 25 and 25 A;

(ba) moneys collected or paid under section 49C;

(c)

such sums as may from time to time be raise by the Board by loan;

(d)

all rents and proceeds of sale profits and income and other funds derived by the Board directly or indirectly from the property belonging to the

Board;

(da) all moneys collected from fees or charges imposed on licences, permits, applications or certificates;

(e)

all such other sums as may from time to time be paid to the Board.

(2)

The Fund may be applied in defraying the following charges –

(a)

the expenses and allowances of the members;

(b)

the salaries, fees or remuneration of the officers, agents and servants and technical or other advisers of the Board;

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(c)

the cost of research work in connection with the rubber industry and, without being bound to devote any moneys to any particular object, the cost of such contributions as may be decided to enable the Rubber

Research Institute of Malaysia to extend its activities to Sabah;

(d)

all costs, charges and expenses of and incidental to the exercise of the powers of the Board under this Enactment;

(e)

interest on any loan raised by the Board;

(f)

sums required for the repayment of moneys borrowed;,

(g)

such sums as it may be deemed appropriate set aside in respect of depreciation on the property of the Board;

(h)

any architect, management and agency fees;

(i)

grant or loan authorised by the Board to the State or towards any particular development project carried out by the State;

(j)

any other expenditure authorised by the Board.