Malaysia legislation
Section 25
Section 25
(1)
The Board shall have power for the purpose of the discharge of its duty under section 24—
(a)
to carry on all activities the carrying on whereof appears to it to be requisite, advantageous or convenient for or in connection with the discharge of its said duty;
(b)
to promote and co-ordinate the carrying on of any such activities by corporations established by the Board and to give assistance to such corporations, including financial assistance by way of grant, loan or otherwise;
For Reference Only (SAGC) [May 2010]
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(c)
to carry on such activities in association with corporations or other boards, bodies or persons (including departments of the Government of the
Federation or of any State Government) or as managing agents or otherwise on their behalf;
(cc)
to appoint any corporation, body or person to manage all or any of its movable or immovable property, activities or undertakings upon such terms and conditions as the Board may determine;
(d)
to make loans, subject to such conditions as the Board may think fit, in accordance with the provisions of this Enactment;
(e)
to do anything and to enter into any transaction (whether or not involving expenditure, borrowing in accordance with the provisions of this
Enactment in that behalf, granting of loans or investment of money, the acquisition, use and disposal of any movable or immovable property, including rights) which in its opinion is calculated to facilitate the proper discharge of its functions or is incidental or conducive thereto.
(2)
In addition to the duties imposed under this section, the Board may undertake such other functions and administer and expend such other monies for such purposes as the
Yang di-Pertua Negeri may assign to the Board and in so doing the Board shall be deemed to be fulfilling the purpose of this Enactment and the provisions of this Enactment shall apply to the Board in respect of such functions and the administration and expending of such monies:
Provided always that the accounts of such monies shall be kept separate and apart from those of the Board.