National Student Financial Aid Scheme Act, 1999 (Act No. 56 of 1999)Chapter 2 : Establishment, Composition, Governance and Functions of NSFAS10. Executive committee |
| 1) | The board must establish an executive committee and determine its functions. |
| 2) | The executive committee consists of– |
| a) | the chairperson of the board; |
| b) | the member appointed from the Department as contemplated in section 5(1)(a)(i); and |
| c) | three other members of the board appointed by the board. |
| 3) | A decision of the executive committee must be regarded as a decision of the board, unless such decision is revoked at the next meeting of the board. |
| 4) | Anything done in consequence of a decision of the executive committee before its revocation, is not invalid by reason only of the fact that the decision is revoked by the board under subsection (3). |