Gold Membership
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Division of Revenue Act, 2010 (Act No. 1 of 2010)Chapter 3 : Conditional allocations to Provinces and MunicipalitiesPart 3 : General matters relating to Schedule 4, 5, 6, 7 or 8 allocations19. Conversion of Schedule 6 and Schedule 7 allocations |
| 1) | The National Treasury may, in its discretion or at the request of the transferring national officer, convert an allocation listed in Schedule 6 to become an allocation listed in Schedule 7, or convert an allocation listed in Schedule 7 to become an allocation listed in Schedule 6, if the National Treasury is satisfied that the conversion will prevent under-spending on the allocation. |
| 2) | An allocation that is converted in terms of this section must be paid to or expended on behalf of the same municipality to which the allocation was originally made. |
| 3) | A conversion referred to in subsection (1) takes effect on the date of publication referred to in section 14(2)(c). |
| 4) | The National Treasury must inform the transferring national officer and each affected receiving municipality of a conversion. |
