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Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)

Chapter 5 : Co-Operative Government

37. Promotion of co-operative government by municipalities

 

(1) Municipalities must—
(a) in their fiscal and financial relations with the national and provincial spheres of government and other municipalities, promote co-operative government in accordance with Chapter 3 of the Constitution and the Intergovernmental Fiscal Relations Act;
(b) provide budgetary and other financial information to relevant municipalities and national and provincial organs of state; and
(c) promptly meet all financial commitments towards other municipalities or national and provincial organs of state.

 

(2) In order to enable municipalities to include allocations from other municipalities in their budgets and to plan effectively for the spending of such allocations, the accounting officer of a municipality responsible for the transfer of any allocation to another municipality must, by no later than 120 days before the start of its budget year, notify the receiving municipality of the projected amount of any allocation proposed to be transferred to that municipality during each of the next three financial years.