Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003)Chapter 5 : Co-Operative Government41. Monitoring of prices and payments for bulk resources |
| (1) | The National Treasury must monitor— |
| (a) | the pricing structure of organs of state for the supply of electricity, water or any other bulk resources that may be prescribed, to municipalities and municipal entities for the provision of municipal services; and |
| (b) | payments made by municipalities and municipal entities for such bulk resources. |
| (2) | Each organ of state providing such bulk resources to a municipality must within 15 days after the end of each month furnish the National Treasury with a written statement setting out, for each municipality or for each municipal entity providing municipal services on behalf of such municipalities— |
| (a) | the amount to be paid by the municipality or municipal entity for such bulk resources for that month, and for the financial year up to the end of that month; |
| (b) | the arrears owing and the age profile of such arrears; and |
| (c) | any actions taken by that organ of state to recover arrears. |