South African National Space Agency Act, 2008 (Act No. 36 of 2008)

17. Funds of Agency

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(1)The funds of the Agency consist of—
(a)money appropriated by Parliament;
(b)fees, royalties or other revenue obtained in terms of this Act;
(c)donations or contributions received by the Agency; and
(d)revenue accruing to the Agency from any other source.

 

(2)The Agency must utilise its funds to defray the expenses incurred by the Agency in the performance of its functions.

 

(3)Money received by way of donation or contribution must be utilised in accordance with any conditions imposed by the donor or contributor concerned.

 

(4)The Agency may, subject to the approval of the Minister and in terms of the Public Finance Management Act, 1999 (Act No. 1 of 1999), invest any of its funds not immediately required.