Property Valuation Act, 2014 (Act No. 17 of 2014)Chapter 4 : Financial and Other MattersPart 1 : Financial administration17. Funds of Office of Valuer-General |
| (1) | The funds of the Office of the Valuer-General consist of money— |
| (a) | appropriated by Parliament to enable the Office of the Valuer-General to perform its functions; or |
| (b) | received from any other source through the National Revenue Fund. |
| (2) | For the purpose of subsection (1), the Office of the Valuer-General must submit to the Minister, at least six months before the start of the financial year of the Department of Rural Development and Land Reform, or another period agreed to between the Minister and the Office of the Valuer-General, a budget of estimated revenue and expenditure for that financial year, for approval by the Minister. |
| (3) | The budget must be submitted to the Minister through the accounting officer of the Department of Rural Development and Land Reform. |
| (4) | The Office of the Valuer-General may not budget for a deficit and may not accumulate a surplus unless prior written approval of the National Treasury has been obtained. |
| (5) | The Valuer-General is responsible for ensuring that expenditure is in accordance with the approved budget. |