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National Youth Development Agency Act, 2008 (Act No. 54 of 2008)

18. Funding and investments

 

 

(1) The funds of the Agency consist of—
(a) money received from the Umsobomvu Fund in terms of the Demutualisation Levy;
(b) money appropriated by Parliament for that purpose;
(c) interest on investments of the Agency;
(d) money lawfully received from any other source; and
(e) donations and contributions lawfully received by the Agency from any other source.

 

(2) The Agency may invest any of its funds not immediately required—
(a) subject to any investment policy that may be prescribed in terms of section 7(4) of the Public Finance Management Act; and
(b) in such manner as may be approved by the Minister of Finance.

 


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