Intellectual Property Rights from Publicly Financed Research and
R 385
Appropriation Act, 2011 (Act No. 11 of 2011)7. Allocations for and expenditure by departments whose allocations are included in same budget vote |
| (1) | The votes listed in column 1 of Schedule 1 contain the allocations for the departments listed in column 2. |
| (2) | The accounting officers of the departments listed in column 2 of Schedule 1 whose allocations are included within the same budget vote listed in column 1, must enter into an agreement to the satisfaction of the National Treasury with regard to the accountability for expenditure, approval of expenditure and the allocation of responsibilities in terms of the Public Finance Management Act. |
| (3) | An agreement from the previous financial year that complies with subsection (2) shall continue in force, and the accounting officers of the departments must continue to abide by that agreement, and need not enter into a new agreement. |
| (4) | Should an agreement referred to in subsection (2) not be entered into by 31 July 2011, the accounting officer of the department listed first in column 2 of Schedule 1 in relation to that particular budget vote, must be the accounting officer in respect of all expenditure in relation to that budget vote. |
