Section 72
Establishment of Fund
of Youth Societies and Youth Development Act 2007
ActIn forceProvision 72 of 125
Section 72
(1)
A Fund to be called the “Malaysian Institute For Research
In Youth Development Fund” is established.
(2)
The Fund shall consist of—
(a)
such sums as may be provided by Parliament from time to time;
(b)
research grant from the Minister;
(c)
all moneys received by the Institute by way of grants;
(d)
all moneys derived from the sale, disposal, lease or hire of, or any other dealing with any property vested in or acquired by the Institute;
(e)
all moneys derived as income from investments by the
Institute; and
(e)
all other moneys lawfully received by the Institute.