Housing Development Agency Act, 2008
R 385
Co-operatives Act, 2005 (Act No. 14 of 2005)Chapter 12A : Co-operatives Development AgencyPart 2 : Funding and financial management of Agency91G. Funding of Agency |
| (1) | The Co-operative Development Fund is hereby established and is the repository fund for the Agency. |
| (2) | The administration of the Co-operative Development Fund vests with the Agency. |
| (3) | The administration and financial management of the Co-operative Development Fund must comply with that of a national public entity listed in Schedule 3, Part A, to the Public Finance Management Act. |
| (4) | The head of the Agency is the accounting authority for the Co-operative Development Fund, as contemplated in Chapter 6 of the Public Finance Management Act. |
| (5) | The Agency is funded by— |
| (a) | monies appropriated for that purpose by Parliament; |
| (b) | interest on investments by the Agency; |
| (c) | donations and contributions lawfully received by the Agency; and |
| (d) | all other monies which may accrue to the Agency from any other legal source. |
[Section 91G inserted by section 66 of Notice No. 558, GG 36729, dated 5 August 2013]
