National Heritage Resources Act, 1999
R 385
Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)Chapter 10 : Municipal EntitiesPart 6 : General108. Borrowing of money |
(1) | A municipal entity may borrow money, but only in accordance with— |
(a) | the entity's multi-year business plan referred to in section 87(5)(d); and |
(b) | the provisions of Chapter 6 to the extent that those provisions can be applied to a municipal entity. |
(2) | In applying Chapter 6 to a municipal entity, a reference in that Chapter to a municipality, a municipal council or an accounting officer must be read as referring to a municipal entity, the board of directors of a municipal entity or the accounting officer of a municipal entity, respectively. |