Malaysia legislation
Section 11
Section 11
Grants-in-aid and accounts
(2)
All moneys paid to a University under subsection (1) shall be applied or expended by the University for all or any of the purposes
16 Laws of Malaysia ACT 30
of the University in accordance with the estimates approved under the provisions of the Constitution:
Provided that any such moneys appropriated to and not applied for the purposes of the annually recurrent expenditure of the University may, with the approval of the Minister, be applied to capital expenditure.
(3)
A copy of the accounts of the University for each financial year shall be prepared and submitted for audit before 30th July immediately following the financial year; and the accounts together with the report of the auditor shall be submitted to the Minister.
(4)
The Minister shall cause a copy of the audited accounts of the
University to be laid before both Houses of Parliament.
Establishment of Campus of a University