Economic Co-operation Promotion Loan Fund Amendment Act

1. Section 3 of the Economic Co-operation Promotion Loan Fund Act, 1968 (hereinafter referred to as the principal Act), is hereby amended by the addition of the following subsections: ‘‘(3) Any amounts owing in terms of loans granted under subsection (1) out of the fund to the government of the former Republic of Transkei, Bophuthatswana, Venda or Ciskei shall not be repayable to the fund. (4) Moneys in the fund may be used to complete any project which at the commencement of the Constitution of the Republic of South Africa, 1993 (Act No. 200 of 1993), was the subject of an agreement entered into with any government referred to in subsection (3). (5) Any payment for the completion of a project referred to in subsection (4) shall, notwithstanding the terms and conditions of the relevant agreement, be made to the provincial government which has taken over the project in question.’’. 5 10 15 4 Amendment of section 5 of Act 68 of 1968, as substituted by section 3 of Act 29 of 1986

2. Section 5 of the principal Act is hereby amended by the addition of the following subsection: ‘‘(3) Notwithstanding subsection (1), the Minister may pay into the National Revenue Fund such an amount of the moneys contemplated in subsection (1) as the Minister, in consultation with the Minister of Finance, may determine.’’. 5 Short title

3. This Act shall be called the Economic Co-operation Promotion Loan Fund 10 Amendment Act, 1998.