125

Article 125 The State Revenue Fund (1) The Central Revenue Fund of the mandated territory of South West Africa instituted in terms of Section 3 of the Exchequer and Audit Proclamation, 1979 (Proclamation 85 of 1979) and Section 31(1) of Proclamation R 101 of 1985 shall continue as the State Revenue Fund of the Republic of Namibia. (2) All income accruing to the central Government shall be deposited in the State Revenue Fund and the authority to dispose thereof shall vest in the Government of Namibia. (3) Nothing contained in Sub-Article (2) hereof shall preclude the enactment of any law or the application of any law which provides that: (a) the Government shall pay any particular monies accruing to it into a fund designated for a special purpose; or (b) any body or institution to which any monies accruing to the State have been paid, may retain such monies or portions thereof for the purpose of defraying the expenses of such body or institution; or (c) where necessary, subsidies be allocated to regional and Local Authorities. (4) No money shall be withdrawn from the State Revenue Fund except in accordance with an Act of Parliament. (5) No body or person other than the Government shall have the power to withdraw monies from the State Revenue Fund.