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Electronic Communications Act, 2005 (Act No. 36 of 2005)

Chapter 14 : Universal Service and Access Agency of South Africa

84. Financing of Agency

 

(1) The operating and capital costs of the Agency must be financed from money appropriated by Parliament from time to time for that purpose.

 

(2) The Agency must utilise any money contemplated in subsection (1) in accordance with the statement of estimated income and expenditure referred to in subsection (3).

 

(3) The Agency—
(a) in each financial year, at a time determined by the Minister, submit a statement of estimated income and expenditure for the following financial year to the Minister for his or her approval, granted with the concurrence of the Minister of Finance; and
(b) may in any financial year submit adjusted statements of estimated income and expenditure to the Minister for his or her approval, granted with the concurrence of the Minister of Finance.