National Environmental Management: Protected Areas Act, 2003 (Act No. 57 of 2003)

Chapter 5 : South African National Parks

Part 5 : Financial matters

77. National Parks Land Acquisition Fund

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(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—
(a)to finance—
(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.

 

(4)The Chief Executive Officer must—
(a)keep account of the Fund separately from the other money of South African National Parks; and
(b)comply with the Public Finance Management Act in administering the Fund.

 

[Section 77 inserted by section 21 of Act No. 31 of 2004]