Mandating Procedures of Provinces Act, 2008
R 385
National Youth Development Agency Act, 2008 (Act No. 54 of 2008)18. Funding and investments |
| (1) | The funds of the Agency consist of— |
| (a) | money received from the Umsobomvu Fund in terms of the Demutualisation Levy; |
| (b) | money appropriated by Parliament for that purpose; |
| (c) | interest on investments of the Agency; |
| (d) | money lawfully received from any other source; and |
| (e) | donations and contributions lawfully received by the Agency from any other source. |
| (2) | The Agency may invest any of its funds not immediately required— |
| (a) | subject to any investment policy that may be prescribed in terms of section 7(4) of the Public Finance Management Act; and |
| (b) | in such manner as may be approved by the Minister of Finance. |
