(1) | The National Parks Land Acquisition Fund established by section 12A of the National Parks Act, 1976 (Act No. 57 of 1976), continues to exist as a separate fund under the administration of South African National Parks despite the repeal of that Act by section 90 of this Act. |
(2) | The Fund is administered by South African National Parks and consists of— |
(a) | any voluntary contributions, donations and bequests received by South African National Parks for the purpose of the Fund; |
(b) | money appropriated by Parliament for the purpose of the Fund; |
(c) | the proceeds of land sold by South African National Parks which it has acquired in terms of section 81; |
(d) | income derived from investing any credit balances in the Fund; |
(e) | money borrowed by South African National Parks in terms of section 56(f) for the purpose of the Fund; and |
(f) | money derived from any other source for the purpose of the Fund. |
(3) | The money in the Fund may be used— |
(i) | the acquisition of private land or a right in or to private land in terms of section 80 or 81; or |
(ii) | the cancellation of a servitude or a right in land in terms of section 82 or 83; or |
(b) | to defray expenses incurred by South African National Parks in connection with the management of the Fund. |
(a) | keep account of the Fund separately from the other money of South African National Parks; and |
[Section 77 inserted by section 21 of Act No. 31 of 2004]