Acts Online
GT Shield

Division of Revenue Act, 2012 (Act No. 5 of 2012)

Chapter 3 : Conditional Allocations to Provinces and Municipalities

Part 1 : Conditional allocations

7. Conditional allocations to provinces

 

 

1) Conditional allocations to provinces in respect of the financial year from the national government's share of revenue raised nationally are set out in Column A of the following Schedules:
a) Schedule 4, specifying allocations to provinces to supplement the funding of programmes or functions funded from provincial budgets;
b) Schedule 5, specifying specific-purpose allocations to provinces;
c) Schedule 7, specifying allocations-in-kind to provinces for designated special programmes; and
d) Schedule 8, specifying funds that are currently not allocated to specific provinces, that may be released to provinces to fund disaster response within a period from three days up to three months following a declared disaster in terms of the conditions of the Disaster Management Act.

 

2) An envisaged division of conditional allocations to provinces from the national government's share of revenue anticipated to be raised nationally for the next financial year and the 2014/15 financial year, which is subject to the annual Division of Revenue Acts for those years, is set out in Column B of the Schedules referred to in subsection (1).