Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 2 : National Treasury and National Revenue FundPart 2: National Revenue Fund11. Control of National Revenue Fund |
| (1) | The National Treasury is in charge of the National Revenue Fund and must enforce compliance with the provisions of section 213 of the Constitution, namely that— |
| (a) | all money received by the national government must be paid into the Fund, except money reasonably excluded by this Act or another Act of Parliament; and |
| (b) | no money may be withdrawn from the Fund except— |
| (i) | in terms of an appropriation by an Act of Parliament; or |
| (ii) | as a direct charge against the Fund, subject to section 15(1)(a)(ii). |
| (2) | Draft legislation that provides for a withdrawal from the National Revenue Fund as a direct charge against the Fund, may be introduced in Parliament only after the Minister has been consulted and has consented to the direct charge. |
| (3) | Money that must be paid into the National Revenue Fund is paid into the Fund by depositing it into a bank account of the Fund in accordance with any requirements that may be prescribed. |
| (4) | The National Treasury must establish appropriate and effective cash management and banking arrangements for the National Revenue Fund. |
| (5) | The National Treasury must ensure that there is at all times sufficient money in the National Revenue Fund. |