Public Service Commission Act, 1997
R 385
Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 2 : National Treasury and National Revenue FundPart 2: National Revenue Fund15. Withdrawals and investments from National Revenue Fund |
| (1) | Only the National Treasury may withdraw money from the National Revenue Fund, and may do so only— |
| (a) | to provide funds that have been authorised-- |
| (i) | in terms of an appropriation by an Act of Parliament; or |
| (ii) | as a direct charge against the National Revenue Fund provided for in the Constitution or this Act, or in any other Act of Parliament provided the direct charge in such a case is listed in Schedule 5; |
| (b) | to refund money invested by a province in the National Revenue Fund; or |
| (c) | to refund money incorrectly paid into, or which is not due to, the National Revenue Fund. |
| (2) | A payment in terms of subsection (1)(b) or (c) is a direct charge against the National Revenue Fund. |
| (3) |
| (a) | The National Treasury may invest temporarily, in the Republic or elsewhere, money in the National Revenue Fund that is not immediately needed. |
| (b) | When money in the National Revenue Fund is invested, the investment, including interest earned, is regarded as part of the National Revenue Fund. |
