Tourism Act, 2014 (Act No. 3 of 2014)

Chapter 3 : South African Tourism Board

21. Funds of Board

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(1)The funds of the Board consist of—
(a)monies appropriated by Parliament for that purpose;
(b) any money paid to the Board for services rendered;
(c)any money received by way of donation; and
(d) any other amounts to which the Board is or may become entitled.

 

(2) The Board may use its funds for defraying expenditure incurred in performing its functions in terms of this Act.

 

(3) The Board may invest any of its funds not immediately required—
(a) subject to any investment policy that may be prescribed in terms of the Public Finance Management Act; and
(b) in such manner as the Minister may approve.

 

(4)The Board may charge and recover fees for any services rendered.