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Division of Revenue Act, 2014 (Act No. 10 of 2014)

Chapter 4 : Matters Relating to all Allocations

26. New allocations during financial year and Schedule 7 allocations

 

 

(1) If further allocations are made to provinces or municipalities, as envisaged in terms of section 6(3), the National Treasury must, before the transfer of any funds to a province or municipality, by notice in the Gazette and as applicable—
(a) amend any allocation or framework published in terms of section 16(1), as amended in terms of section 16(2);
(b) publish the allocation per municipality for any new Part B of Schedule 5 allocation or the indicative allocation per municipality for any new Part B of Schedule 6 allocation; or
(c) publish a framework for any new Schedule 4, 5, 6 or 7 allocation.

 

(2) Section 16(2) and (3) applies with the necessary changes to allocations and frameworks published in terms of subsection (1).

 

(3)        

(a) The transferring national officer may, with the approval of the National Treasury, transfer a Schedule 7 allocation to a province or municipality within a period from three days up to three months following a declared disaster in terms of the conditions of the Disaster Management Act, 2002 (Act No. 57 of 2002).
(b) The transferring national officer must notify the relevant provincial treasury and the National Treasury within 14 days of a transfer of a Schedule 7 allocation to a province or municipality.
(c) The National Treasury must publish a Schedule 7 allocation by notice in the Gazette within 21 days after being notified in terms of paragraph (b).
(d) A Schedule 7 allocation transferred to a province or municipality must be appropriated either in the provincial adjustments appropriation legislation, municipal adjustments budgets or other appropriation legislation.