[Regulation 4 repealed by Notice No. R. 645 dated 20 July 2010]
A juristic person applying for a grant in terms of section 29 of the Act shall-
| 1) |
be a body established for sport or recreational purposes; |
| 2) |
state that is income and property are not distributable to its members, employees or managers except as reasonable compensation for services rendered; |
| 3) |
indicate that changes in the composition of its membership or management will not substantially affect its continued existence; |
| a) |
funds or intends to fund projects which enable people to become involved in activities which contribute to the development of sport or recreation; |
| b) |
funds or intends to fund projects which assist disadvantaged communities to become involved in sporting or recreational activities, |
| c) |
provides or intends to provide sporting or recreational facilities which are accessible to communities, including children and the disabled; |
| 5) |
indicate that the projects undertaken or to be undertaken shall be for the public good and that there is a clear demand therefor; |
| 6) |
indicate that the project or intended project produces or will produce significant improvements or new development in sport or recreation which would not otherwise have taken place; |
| 7) |
establish that the project or intended project is financially viable and capable of being implemented; |
| 8) |
establish that it has adequate measures and procedures for the proper application of sound, economic, efficient and effective management; |
| 9) |
establish that proper accounting records are kept; |
| 10) |
furnish a written report pertaining to its financial state of affairs and activities; |
| 11) |
indicate the procedure for changing its constitution in respect of its aims. |
Housing Development Agency Act, 2008
