Public Finance Management Act, 1999 (Act No. 1 of 1999

Chapter 3 : Provincial Treasuries and Provincial Revenue Funds

Part 1 : Provincial Treasuries

17. Establishment
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(1)There is a provincial treasury for each province, consisting of—
(a)the MEC for finance in the province, who is the head of the provincial treasury; and
(b)the provincial department responsible for financial matters in the province.

 

(2)The MEC for finance as the head of a provincial treasury takes the policy and other decisions of the treasury, except those decisions taken as a result of a delegation or instruction in terms of section 20.