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Tourism Act, 1993 (Act No. 72 of 1993)

16. Funds of board



1) The funds of the board shall consist of--
a) money appropriated by Parliament for the purpose;
b) income derived in terms of the provisions of this Act;
c) donations or contributions received by the board from any source.


2) Subject to the provisions of subsection (4) the board shall use its funds to defray expenditure incurred in connection with the exercise of its powers, the performance of its functions and the carrying out of its duties in accordance with the appropriate statement of its estimated income and expenditure mentioned in subsection (3), as approved by the Minister: Provided that the board-
a) may use any amount or part of an amount which is in accordance with such statement required to be used in connection with a particular matter, for any other purpose in connection with the performance of its functions:
b) shall notwithstanding the provisions of paragraph (a) use donations and contributions contemplated in subsection (1)(c) in accordance with the conditions, if any, imposed by the donor or contributor.
a) The board-
i) shall in every financial year before or on the date determined by the Minister, either generally or in respect of a particular financial year, submit a statement of its estimated income and expenditure during the ensuing financial year; and
ii) shall in respect of additional expenses in connection with its functions in any financial year, submit a supplementary statement of its estimated expenses in respect of that financial year,

to the Minister for his approval, granted with the concurrence of the Minister of Finance.

b) The board shall not incur any expenditure which may cause the total amount approved under paragraph (a) to be exceeded.


4) The board may invest with the Corporation for Public Deposits established by section 2 of the Corporation for Public Deposits Act, 1984 (Act No. 46 of 1984), or in any other manner determined by the Minister with the concurrence of the Minister of Finance, any unexpended portion of its funds.