Mandating Procedures of Provinces Act, 2008
R 385
Public Funding of Represented Political Parties Act, 1997 (Act No. 103 of 1997)3. Deposit and investment of moneys of Fund |
| (1) | Except as provided in subsection (2), the moneys standing to the credit of the Fund will be deposited in a separate banking account to be opened by the Commission with a bank registered in the Republic. Payment of all moneys allocated to political parties in terms of section 5 will be made from that account. |
| (2) | The moneys of the Fund that are not required immediately for making allocations to political parties in terms of section 5, may be invested with the Public Investment Commissioners contemplated in the Public Investment Commissioners Act, 1984 (Act No. 45 of 1984). |
