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Section 15

Expenditure to be charged on the Fund

of Sabah Economic Development And Investment Authority Enactment 2009

State EnactmentIn forceProvision 15 of 29
Section 15

The Fund shall be expended for the following purposes:

10

(a)

disbursing funds received from the Government or the Federal Government to the relevant implementing Government Entities for the Sabah Development

Corridor;

(b)

performing or discharging the functions and duties of the Authority;

(c)

paying for the remuneration, allowances or other expenses of members, the

Chief Executive, officers and servants of the Authority;

(d)

undertakes approved and lawful investments, and acquisition of shares or interest in companies or property movable or immovable for the purpose of this

Enactment; and

(e)

paying any other expenses lawfully incurred in the discharged or performance of its functions and duties under this Enactment.