Electronic Communications Act, 2005 (Act No. 36 of 2005)Chapter 14 : Universal Service and Access Agency of South Africa87. Continued existence and control of Universal Service Fund |
| (1) | Despite the repeal of the Telecommunications Act by this Act, the Universal Service Fund established in terms of section 65(1) of the Telecommunications Act continues to exist in terms of this Act and will henceforth be called the Universal Service and Access Fund, and the Agency must keep account of the Fund in its books and credit the Fund with— |
| (a) | universal service contributions referred to in section 89; and |
| (b) | money accruing to the Universal Service and Access Fund from any other source. |
| (2) | All money received, the amounts of which in terms of subsection (1) must be credited to the Universal Service and Access Fund in the books of the Agency, must be paid into the National Revenue Fund established by section 213 of the Constitution. |
[Section 87(2) substituted by section 40 of the Electronic Communications Amendment Act, 2014 (Act No. 1 of 2014)]
| (3) | Subsidies paid from the Universal Service and Access Fund in terms of section 88 must be financed from money appropriated by Parliament for that purpose. |
| (4) | The Universal Service and Access Fund must be administered by the Agency subject to the control and in accordance with the instructions of the Minister. |