Finance Act | Act 6 of 1997 — South Africa law | Esheria

Finance Act

The State Revenue Account is charged with specified amounts to cover unauthorised expenditure for certain House of Assembly financial years.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
South Africa
Instrument
Act or statute
Citation
Act 6 of 1997
Version
Undated source snapshot
Language
en
Updated
Official source
View official record ↗
act title appropriation fund management government expenditure government spending loan conversion public finance

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Statute overview

About this statute

The State Revenue Account is charged with specified amounts to cover unauthorised expenditure for certain House of Assembly financial years. The State Revenue Account is charged with R638 344,48 to cover certain unauthorised expenditure. The provision charges the State Revenue Account with specified amounts, authorises several categories of past expenditure, and authorises conversion of a R445,000,000 State loan to South African Housing Trust, Limited into share capital. National and provincial executive authorities that received money from the fund must surrender any unexpended money at the end of each financial year. This section says the Act is called the Finance Act, 1997.