Post and Telecommunication-related Matters Act, 1958 (Act No. 44 of 1958)Chapter II : Finance12O. Repayment of loans |
| (1) | The department may prior to the due date, unless it is inconsistent with any conditions of issue or any agreement, or on the due date, or, in the case of moneys borrowed by way of overdraft in terms of section 12M, at any time, repay any moneys borrowed in terms of this Act, and any moneys so repaid shall be deemed to have been appropriated by law. |
[Subsection (1) substituted by section 4 of Act No. 7 of 1986]
| (2) | Any moneys borrowed in terms of this Act and not claimed by the person entitled thereto within a period of six years from the date on which he became entitled to claim such moneys, may be paid into the Fund: Provided that moneys so paid into the Fund and subsequently claimed by or on behalf of the person entitled thereto, may be paid by means of a drawback from current revenue accruing to the Fund. |
[Section 12O inserted by section 5 of Act No. 113 of 1976]