AI-assisted research summary: This section amends section 14 of the principal Act and adds rules on housing transfers, proceeds, reporting, and ministerial action.
3. Section 14 of the principal Act is hereby amended— (a) by the insertion in paragraph (b) of subsection (4) after the word “scheme” of the words “or individual dwelling”; (b) by the substitution for paragraph (c) of subsection (4) of the following 20 paragraph: “(c)(i) Any— (au) movable and immovable property acquired by the premier of a province; and (bb) immovable property of the Republic developed by the premier of a 25 province, by means of a loan or advance or other finance contemplated in paragraph (b), pass to the provincial housing development board for such province. (ii) Subsection (2)(b), (c) and (d) applies, with the changes required by 30 the context, to immovable uro~ertv. or a re~istrable claim or right in . . respect thereof, transferred in terms of subparagraph (i).”; . . (c) by the substitution for pmagraph (d) of subsection (4) of the following paragraph: “(d)(i) The net proceeds derived from the recovery of any loan granted to a natural person by a municipality for the purposes of acquiring individual dweIlings as contemplated in subsection (4)(b), must be paid into the separate operating account of such municipality referred to in section 1 5(5). [(i)] ~ Subsection (3)(a) to (e) applies, with the changes required by the context, in respect of any immovable property of a municipality or the premier of a province acquired by means of a loan, advance or other finance contemplated in paragraph (b). [(ii)] ~ The net proceeds of any letting or sale or other alienation in terms of subparagraph [(i)] @, read with subsection (3)(a) to (e), in respect of immovable property which was acquired by— (au) a municipality, must be paid into the separate operating account of such municipality referred to in section 15(5); (bb) [a] the premier of a province, must be paid into the provincial hous~g development fund for such province or, if such fund has not been established when such net proceeds are received, be dealt with in accordance with section 13 of the Housing Arrangements Act, 1993, despite its repeal by section 20. [(iii)] ~ The net proceeds of the recovery of any loan referred to in subparagraph (i) or of any letting or sale or other alienation referred to in subparagraph [(ii)] ~ must be utilised for housing development in accordance with national housing policy and a housing development project approved by— 35 40 45 50 55 (1 X(), IY977 GO\’ER~klEK~” G/\ZE~~, 30 ~PRIL IYYY /\Ct N(). 28.1999 HOUSING AhlENDklENT ACT. 199Y (au) in the case of [subparagraph (ii)(aa)] subparagraphs (i) and (iii) (aa). the MEC after consultation with the provincial housing development board in question; (bb) in the case of subparagraph [(ii)(bb)] (iii) (bb). the MEC. [(iv)] (v) Eveg municipality must, in accordance with the directives of the M=, furnish the MEC with monthly reports regarding the sale of immovable property by the municipality in terms of this para&raph. including the basis for the determination of selling prices. [(v)] M If the MEC is not satisfied with such basis for the determination of selling prices, the MEC may determine directives for this purpose...; and (d) by the substitution for paragraph (a) of subsection (9) of the following paragraph: “(a) The Minister must, within one year of the commencement of the Housing Amendment Act, 1999, institute a national housing programme to phase out [\\ithin one year of the commencement of this Act] every housing subsidy granted in terms of— (i) the Housing Act, 1966; (ii) the Development and Housing Act, 1985; (iii) the Housing Act (House of Representatives), 1987; (iv) the Development Act (House of Representatives), 1987; or (v) the Housing Development Act (House of Delegates), 1987.”. 5 10 15 20 Amendment of section 15 of Act 107 of 1997