Section 15
of Sabah Foundation Enactment 1966
Section 15
(1)
The Board shall keep proper accounts and other records in respect of its activities and shall cause to be prepared a statement of account in respect of each financial
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year.
(2)
The accounts of the Board shall be audited by the Auditor-General.
(3)
The Board shall not later than the 31st day of July of each year submit the accounts of the Board for the preceding financial year to the Auditor-General for the purpose of audit.
(4)
The Board shall, when required by the Auditor-General, produce and lay before him all books and accounts of the Fund concerned, together with all vouchers in support thereof, and relating thereto, and the Auditor-General shall be entitled to require from the
Board, or any member, officer, servant or agent of the Board such information and explanation as he may deem necessary for the performance of his duties as an auditor.
(5)
At the end of each financial year, as soon as the accounts of the Board have been audited, the Board shall cause a copy of the statement of account, together with a copy of any report of the Auditor-General, to be transmitted to the Chief Minister who shall cause the same to be laid before the Legislative Assembly and cause a copy thereof to be published in the Gazette.
The Board and corporations set up under the Foundation deemed to be a Malay or a
Native.