Intellectual Property Rights from Publicly Financed Research and
R 385
Financial and Fiscal Commission Act, 1997 (Act No. 99 of 1997)Part 5 : Finances of Commission23. Funding |
| (1) | The Commission is entitled to money appropriated annually by Parliament to enable it to perform its functions effectively. |
| (2) | For the purposes of subsection (1) the Chairperson of the Commission— |
| (a) | must submit to the Minister during each financial year, but before a date set by the Minister, estimates of the Commission’s income and expenditure for the next financial year; and |
| (b) | may submit to the Minister at any time during a financial year estimates of the Commission’s income and expenditure supplementary to those mentioned in paragraph (a). |
| (3) | When submitting estimates the Chairperson must disclose full particulars of any income which has accrued, or is expected to accrue, to the Commission from a source other than an appropriation by Parliament. |
| (4) | The Commission must refund to the National Revenue Fund any money paid to the Commission in terms of subsection (1) that has not been used at the end of a financial year, unless the Minister agrees that the Commission may retain the money. |
