Mandating Procedures of Provinces Act, 2008
R 385
Technology Innovation Agency Act, 2008 (Act No. 26 of 2008)14. Funding of Agency |
| (1) | The funds of the Agency consist of— |
| (a) | money appropriated by Parliament; |
| (b) | revenue, including interest derived from its investments; |
| (c) | money raised or borrowed by the Agency; |
| (d) | money obtained from such other sources as the Board may, from time to time, determine and as may be consistent with the objects and functions of the Agency; and |
| (e) | donations and contributions. |
| (2) | Subject to this section, all income and property and all the proceeds of the Agency must be applied exclusively to the promotion of the object of the Agency. |
| (3) | The Agency may, in the prescribed manner, establish and maintain reserve funds, the aggregate of which may not exceed an amount approved by the Minister in consultation with the Minister of Finance. |
