Malaysia legislation

Section 18

of SARAWAK CRAFT COUNCIL ORDINANCE, 2023

Section 18

The Fund shall be used to—

(a)

pay for expenses for carrying out all activities of the Council and generally for carrying out the provisions of this Ordinance;

(b)

pay all remunerations, benefits and privileges of or accorded to members, officers and employees of the Council and for payment of fees and other sums due to or claimed by agents, advisors, consultants, or other persons engaged or appointed by the Council;

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(c)

repay any loans, liabilities or other borrowings of the Council including interests and financial charges accrued thereon;

(d)

pay for any other expenses lawfully incurred in the discharge or performance of its functions or the exercise of its powers under this

Ordinance; and

(e)

monies not immediately required to be expended in the meeting of any obligation or the discharge of any function of the

Council may be invested in any bank or financial institution licensed under the Financial Services Act 2013 [Act 758] or Islamic Financial

Services Act 2013 [Act 759], or in such other investments or securities as may from time to time be approved by the Council.

Section 18 — SARAWAK CRAFT COUNCIL ORDINANCE, 2023