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Appropriation Act, 2023 (Act No. 8 of 2023)

7. Spending before commencement of Appropriation Act for 2024/25 financial year

 

The spending of funds withdrawn in terms of section 29 of the Public Finance Management Act for the 2024/25 financial year before the commencement of the Appropriation Act for the 2024/25 financial year is, with the necessary changes, subject to—

(a) any applicable conditions imposed in terms of section 4 and the applicable provisions of all Adjustments Appropriation Acts for the 2023/24 financial year, as if the funds were allocated for the 2023/24 financial year;
(b) the applicable provisions of the Division of Revenue Act and all Division of Revenue Amendment Acts for the 2023/24 financial year, as if the funds were allocated for the 2023/24 financial year; and
(c) the applicable provisions of the Division of Revenue Act for the 2024/25 financial year, when the said Act takes effect.