Acts Online
GT Shield

Appropriation Act, 2020 (Act No. 7 of 2020)

1. Interpretation

 

In this Act, unless the context indicates otherwise, any word or expression to which a meaning has been assigned in section 1 of the Public Finance Management Act, must bear the meaning so assigned, and—

 

‘‘allocation-in-kind’’

means an allocation that is listed as an allocation-in-kind in the Division of Revenue Act for the 2020/21 financial year for spending by a national department on behalf of a province or a municipality;

 

‘‘conditional allocation’’

means a conditional allocation to a province or a municipality from the national government’s share of revenue raised nationally, which is provided for and whose purpose is specified in the Division of Revenue Act for the 2020/21 financial year envisaged in section 214(1)(c) of the Constitution of the Republic of South Africa, 1996;

 

‘‘current payments’’

means any payment made by a department classified as, or deemed to be, a current payment in terms of the instructions issued in the Guidelines for Implementing the Economic Reporting Format (September 2009), in terms of section 76 of the Public Finance Management Act;

 

‘‘Minister’’

means the Minister of Finance;

 

‘‘payments for capital assets’’

means any payment made by a department classified as, or deemed to be, a payment for capital assets in terms of the instructions issued in the Guidelines for Implementing the Economic Reporting Format (September 2009) and the Asset Management Framework (April 2004, Version 3.3), in terms of section 76 of the Public Finance Management Act;

 

‘‘payments for financial assets’’

means any payment made by a department classified as, or deemed to be, a payment for financial assets in terms of the instructions issued in the Guidelines for Implementing the Economic Reporting Format (September 2009), in terms of section 76 of the Public Finance Management Act;

 

‘‘Public Finance Management Act’’

means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

 

‘‘relevant Parliamentary Committees’’

means the Standing Committee on Appropriations of the National Assembly and the Select Committee on Appropriations of the National Council of Provinces; and

 

‘‘transfers and subsidies’’

means any payment made by a department classified as, or deemed to be, a transfer or subsidy payment in terms of the instructions issued in the Guidelines for Implementing the Economic Reporting Format (September 2009), in terms of section 76 of the Public Finance Management Act.

 

 


500 - Internal Server Error
500 - Internal Server Error

We're sorry, but something went wrong displaying that page. While we work on fixing this, you can return to the home page.

Alternatively, email [email protected] for assistance.