Section 24
Expenditure to be charged on the Fund
of Yayasan Guru Tun Hussein Onn Act 2014
The Fund shall be expended for the following purposes:
(a)
paying any expenditure lawfully incurred by the
Yayasan;
(b)
paying for the remuneration, allowances, benefits and other expenses of the members of the Board, members of the committees and employees of the Yayasan including the granting of loans and advances, superannuation allowances, retirement benefits and gratuities;
(c)
purchasing or hiring equipment, machinery and any other materials, acquiring land and any assets, and carrying out any other works and undertakings in the performance of its functions and in the exercise of its powers under this Act or any subsidiary legislation made under this
Act;
(d)
repaying moneys borrowed under this Act and the interest or profit due on the borrowed moneys; and
(e)
generally, paying or expending any expenses for carrying out into effect the provisions of this Act or any other subsidiary legislation made under this Act.