Promotion of Access to Information Act, 2000
R 385
South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)Chapter 5 : Financial Matters, Reporting and Accountability31. Government support to Agency and loans by Agency and subsidiaries |
| (1) | Parliament may fund the normal expenditure of the Agency out of money appropriated for the purpose. |
| (2) | A request for financial support must be prepared by the Agency by a date determined by the Minister in order for it to be subjected to the evaluation process for inclusion in the annual compilation and exposition of the government’s expenditure proposal for appropriation purposes. |
(3)
| (a) | The Agency and its subsidiaries may not borrow money without the prior written approval of the Minister, granted after consultation with the Minister of Finance. |
| (b) | Any decision to borrow money taken without the approval contemplated in paragraph (a) is of no force and effect. |
