Universiti Teknologi Mara Act 1976 · Updated to 1 Nov 2021 · Part V · Finance
25. Reserve fund
Feedback & support(1)
The Universiti shall establish and manage a reserve fund.
Universiti
Defined · s 2
“Universiti” means the Universiti Teknologi MARA established under section 3 and includes a Branch;
(2)
The payment into and out of the reserve fund shall be determined by the Board:
Fund
Defined · s 2
“Fund” means the Universiti Teknologi MARA Fund established under section 24;
Provided that no part of the reserve fund shall be applied otherwise than for the purposes of the Universiti.