Division of Revenue Act, 2024 (Act No. 24 of 2024)

Chapter 3 : Conditional Allocations to Provinces and Municipalities

Part 4 : Matters relating to all allocations

25. New allocations during financial year and Schedule 7 allocations
Purchase cart Previous page Return to chapter overview Next page

 

(1) If further allocations are made to provinces or municipalities, as envisaged in 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 15;
(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 15(2) to (5) applies, with the necessary changes, to allocations and frameworks published in terms of subsection (1).

 

(3)
(a) The transferring officer may, with the approval of the National Treasury, make one or more transfers of a Schedule 7 allocation to a province or municipality for a classified disaster, within 100 days after the date of the classification of the disaster.
(b) The transferring officer must notify, in writing, the relevant provincial treasury and the National Treasury within five days of a transfer of a Schedule 7 allocation to a province or municipality.
(c) The National Treasury must, within 21 days after the end of the 100-day period envisaged in paragraph (a), by notice in the Gazette, publish all transfers of a Schedule 7 allocation made for a classified disaster.
(d) The transferring officer, after consultation with the National Treasury, must determine the period in the financial year within which funds transferred in terms of paragraph (a) must be spent.
(e) The transferring officer may, after consultation with the National Treasury, amend the period referred to in paragraph (d), provided that it ends in the financial year.
(f) The funds approved in terms of paragraph (a) must be included either in the provincial adjustments appropriation legislation, municipal adjustments budgets or other appropriation legislation.