Constitution of the Republic of South Africa, 1996 (Act No. 108 of 1996)Chapter 13 : FinanceProvincial and Local Financial Matters230. Provincial loans |
| (1) | A province may raise loans for capital or current expenditure in accordance with national legislation, but loans for current expenditure may be raised only when necessary for bridging purposes during a fiscal year. |
| (2) | National legislation referred to in subsection (1) may be enacted only after any recommendations of the Financial and Fiscal Commission have been considered. |