Yayasan Guru Tun Hussein Onn Act 2014 · Updated to 25 Jul 2014 · Part VI · Finance
24. Expenditure to be charged on the Fund
Official textFrom Laws of Malaysia Online, unchanged
The Fund shall be expended for the following purposes:
Fund
“Fund” means the Yayasan Guru Tun Hussein Onn Fund established under section 23;
paying any expenditure lawfully incurred by the
Yayasan;
Yayasan
“Yayasan” means the Yayasan Guru Tun Hussein Onn established under section 3.
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;
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;
repaying moneys borrowed under this Act and the interest or profit due on the borrowed moneys; and
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.
Terms defined in s 2
Fund
Defined · s 2“Fund” means the Yayasan Guru Tun Hussein Onn Fund established under section 23;
Yayasan
Defined · s 2“Yayasan” means the Yayasan Guru Tun Hussein Onn established under section 3.
Part VII
General
Part VIII