Intellectual Property Rights from Publicly Financed Research and
R 385
Water Services Act, 1997 (Act No. 108 of 1997)RegulationsWater Services Provider Contract Regulations11. Assets |
A contract must—
| (a) | prohibit the disposal, alienation, or encumbrance of any existing or future immovable asset of a water services authority, including any component of the water services works, unless such disposal, alienation, or encumbrance is— |
| (i) | provided for in the water services authority’s development plan; or |
| (ii) | approved by a council resolution of the water services authority; |
| (b) | provide for the furnishing of asset management and maintenance plans to demonstrate that the water services works are being maintained in a reasonable condition in accordance therewith; and |
| (c) | provide procedures for the procurement, disposal, alienation, and encumbrance of assets. |
