s 34 Operating fund
(1) An operating fund, to be administered and controlled by the Commission, is established. (2) The operating fund shall consist of all moneys— (a) received by the Commission by way of grants from the Government; (b) received by the Commission as fees and payment of compounds; (c) received by the Commission for services rendered by the Commission to the Government or for services rendered by the Commission to any person; (d) d e r i v e d a s i n c o m e f r o m i n v e s t m e n t s b y t h e Commission; (e) derived from the disposal, lease or hire of, or any other dealing with any property vested in or acquired by the Commission; (f) borrowed or raised by the Commission under section 35; and (g) which may in any manner become payable to or vested in the Commission in respect of any matter incidental to its functions and powers or otherwise lawfully received by the Commission. (3) The operating fund shall be utilized for the purpose of— (a) paying any expenditure lawfully incurred by the Commission including— (i) the remuneration of, or the granting of Islamic financing, credit facility, superannuation allowances or gratuities to the directors, officers, employees or other persons employed or appointed by the Commission; or (ii) legal fees and costs and other fees and costs; (b) paying any other expenses, costs or expenditure properly incurred or accepted by the Commission in the performance of its functions or the exercise of its powers or duties under this Act; (c) providing grants for the development of co-operative societies under this Act, the Co-operative Societies Act 1993 or any other written law enforced by the Commission; (d) repaying any money borrowed under this Act and the payment of any return or interest payable thereon; (e) purchasing or hiring equipment, machinery and any other materials, acquiring immovable property and erecting buildings, and carrying out any other works and undertakings in the performance of its functions or the exercise of its powers or duties under this Act; (f) meeting any financial obligation lawfully incurred by the Commission; (g) granting any Islamic financing or credit facility under this Act; or (h) generally, paying any expenses for carrying into effect the provisions of this Act. (4) The Commission shall manage the operating fund with prudence and due care.