Intellectual Property Rights from Publicly Financed Research and
R 385
World Heritage Convention Act, 1999 (Act No. 49 of 1999)Chapter VI : Finances and Reports35. Expenditure of monies |
| (1) | The monies received or raised by an Authority in terms of section 33 must be used in accordance with the business and financial plan of the Authority as approved by the Minister. |
| (2) | An Authority may, with the approval of the Minister, granted with the concurrence of the Minister of Finance and the relevant MEC, authorise the chief executive officer to invest any unspent portion of the funds of the Authority, but any surplus at the end of a financial year must be carried over to the next financial year and be utilised to defray expenses incurred by the Authority during that financial year. |
