Constitution of the Republic of South Africa, 1996 (Act No. 108 of 1996)
Chapter 13 : Finance
Provincial and Local Financial Matters
230. Provincial loans
|(1)||A province may raise loans for capital or current expenditure in accordance with national legislation, but loans for current expenditure may be raised only when necessary for bridging purposes during a fiscal year.|
|(2)||National legislation referred to in subsection (1) may be enacted only after any recommendations of the Financial and Fiscal Commission have been considered.|
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