Division of Revenue Amendment Act | Act 15 of 2022 — South Africa law | Esheria

Division of Revenue Amendment Act

A provincial finance MEC may pledge certain allocations as security for borrowing, but must consult the relevant transferring officer if intending to do so.

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

Jurisdiction
South Africa
Instrument
Act or statute
Citation
Act 15 of 2022
Version
Undated source snapshot
Language
en
Updated
Official source
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borrowing budget allocations disaster relief electrification government budgeting government funding government revenue allocation government spending housing municipal grants municipal infrastructure funding provincial equitable share provincial finance public finance reporting security interests statutory title water and sanitation

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Statute overview

About this statute

A provincial finance MEC may pledge certain allocations as security for borrowing, but must consult the relevant transferring officer if intending to do so. The provincial finance Member of the Executive Council may pledge a conditional share as security for borrowing, but must consult the appropriate transferring officer before doing so. The provision requires compliance with Loan Co-ordinating Committee conditions for pledged security arrangements and requires the relevant receiving officer to send reports to the National Treasury in the required format and on required dates. This provision says the Act is called the Division of Revenue Amendment Act, 2022. This section states the short title of the Act.

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