National Small Business Act, 1996 (Act 102 of 1996)
R 385
Appropriation Act, 2017 (Act No. 6 of 2017)5. Use of unspent funds |
| (1) | Despite section 3 of this Act and section 43 of the Public Finance Management Act, the Minister may, for purposes of service delivery, approve that unspent funds in an amount appropriated in the Schedule to this Act for— |
| (a) | compensation of employees, be used within the same vote for transfers and subsidies for the payment of severance or exit packages; |
| (b) | transfers and subsidies to other institutions, be used elsewhere within the same main division; or |
| (c) | payments for capital assets, be used elsewhere within the same vote. |
| (2) | The Minister may not approve the use of unspent funds in terms of subsection (1)(b) or (c) for compensation of employees. |
| (3) | The approval of the use of unspent funds in terms of subsection (1) must be disclosed in the National Treasury’s next quarterly report to the relevant Parliamentary Committees. |
