Older Persons Act, 2006
R 385
National Heritage Resources Act, 1999 (Act No. 25 of 1999)Chapter II : Protection and Management of Heritage ResourcesPart 3 : Management40. National heritage resources assistance programme |
| (1) | Subject to section 21, SAHRA may provide financial assistance in the form of a grant or a loan to an approved body or an individual for any project which contributes to the purpose, and is in accordance with the principles as prescribed. |
| (2) | SAHRA must prescribe the procedures for applications for approval and granting of financial assistance and the criteria for the assessment of projects. |
| (3) | A loan may be approved in such amount and subject to such terms and conditions as SAHRA determines: Provided that a loan must be— |
| (a) | at the rate of interest for the time being fixed by the Minister, in consultation with the Minister of Finance; or |
| (b) | if the Minister, in consultation with the Minister of Finance, so approves— |
| (i) | at the rate of interest fixed by the Minister in respect of that loan; or |
| (ii) | without interest. |
| (4) | Any financial assistance in terms of this section is to be provided out of a fund reserved by SAHRA for this purpose, which shall be called the National Heritage Resources Fund. |
