Intellectual Property Rights from Publicly Financed Research and
R 385
Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 7 : Executive Authorities63. Financial responsibilities of executive authorities |
| (1) |
| (a) | Executive authorities of departments must perform their statutory functions within the limits of the funds authorised for the relevant vote. |
| (b) | In performing their statutory functions executive authorities must consider the monthly reports submitted to them in terms of section 39(2)(b) and 40(4)(c). |
| (2) | The executive authority responsible for a public entity under the ownership control of the national or a provincial executive must exercise that executive's ownership control powers to ensure that that public entity complies with this Act and the financial policies of that executive. |
