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Perbadanan Tabung Pendidikan Tinggi Nasional Act 1997 Part II — The tabung pendidikan tinggi nasional

s 3–s 4 · 2 sections

Establishment of the Fund

s 3

(1) For the purposes of this Act there is established a fund called the “Tabung Pendidikan Tinggi Nasional” which shall be administered and controlled by the Perbadanan Tabung Pendidikan Tinggi Nasional. (2) The Fund shall consist of— (a) such moneys as may be allocated by the Government from time to time for the purposes of this Act; (b) all grants, donations, gifts, contributions and bequests made to or in favour of the Perbadanan; (c) deposits received by the Perbadanan under section 11; (d) moneys earned by the operation of any project, agency, scheme or enterprise financed from the Fund; (e) fees or other charges imposed by the Perbadanan under this Act; (f) such moneys as may be paid from time to time to the Perbadanan from any financing or financial assistance given by the Perbadanan, and all moneys from time to time falling due to the Perbadanan in respect of the repayment of any financing or financial assistance, including educational loans, given out of the Fund; (g) moneys borrowed by the Perbadanan under section 14; (h) any property, investment, mortgage, lease, tenancy, charge or debenture acquired by or vested in the Perbadanan; (i) moneys earned or arising from any property, investment, mortgage, lease, tenancy, charge or debenture acquired by or vested in the Perbadanan; (j) all other moneys or property which may in any manner become payable to or vested in the Perbadanan in respect of any matter incidental to its functions, powers or duties; and (k) all other moneys lawfully received by the Perbadanan.

Expenditure to be charged on the Fund

s 4

The Fund may be expended for the purpose of— (a) the granting of educational loans to students for the payment of fees, educational equipment and aids, and cost of living expenses during the students’ period of study at a higher educational institution; (b) the financing of, or the granting of financial assistance to, students in higher educational institutions other than by way of educational loan; (c) establishing insurance and unit trust schemes; (d) repayments on borrowings and such other outgoings and expenditure as may be permitted by this Act or any regulation made under this Act; (e) administrative expenses including the remuneration, retirement benefits, gratuities and other allowances of the officers and servants of the Perbadanan; and (f) other expenses incidental to the management of the Fund and the functions of the Perbadanan including any moneys required to satisfy any judgment, decision, or award by any court or tribunal against the Perbadanan, or any member of the Board or any committee, or any officer, servant or agent of the Perbadanan in respect of any act, neglect or default done or committed by him in carrying out the functions of the Perbadanan.

Back to Perbadanan Tabung Pendidikan Tinggi Nasional Act 1997 — full text

Provisions on this page are reproduced verbatim from official open data. See the attribution line.

Text as at 1 April 2013 (LOM reprint); amendments made after that date may not be incorporated. Read the official text ↗

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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