South Africa Act or statute

Parliament of the Republic of South Africa

Economic Co-operation Promotion Loan Fund Amendment Act

fund managementministerial paymentsproject completion paymentsrevenue fund

Jurisdiction: South Africa
Structure: 3 provisions
Citation: Act 16 of 1998
Dates: Record updated 27 May 1998

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Dates: Record updated 27 May 1998

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Purpose and legislative effect

“The amendment says certain loan amounts owed to the fund are not repayable, the fund may be used to finish certain projects, and related completion payments must go to the provincial government that took over the project.”

The amendment says certain loan amounts owed to the fund are not repayable, the fund may be used to finish certain projects, and related completion payments must go to the provincial government that took over the project. The Minister may pay an amount into the National Revenue Fund, and the amount is determined by the Minister in consultation with the Minister of Finance. This provision gives the Act its name.

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Section 3 of the Economic Co-operation Promotion Loan Fund Act, 1968

Section 1

Section 5 of the principal Act is hereby amended by the addition of the following

The Minister may pay an amount into the National Revenue Fund, and the amount is determined by the Minister in consultation with the Minister of Finance.

Section 2

This Act shall be called the Economic Co-operation Promotion Loan Fund

This provision gives the Act its name.

Section 3

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Source record from www.parliament.gov.za · Record updated 27 May 1998

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Showing 3 of 3 provisions

CommencementShort titleAmendment

§ 1Section 3 of the Economic Co-operation Promotion Loan Fund Act, 1968Commencement

1. Section 3 of the Economic Co-operation Promotion Loan Fund Act, 1968 (hereinafter referred to as the principal Act), is hereby amended by the addition of the following subsections: ‘‘(3) Any amounts owing in terms of loans granted under subsection (1) out of the fund to the government of the former Republic of Transkei, Bophuthatswana, Venda or Ciskei shall not be repayable to the fund. (4) Moneys in the fund may be used to complete any project which at the commencement of the Constitution of the Republic of South Africa, 1993 (Act No. 200 of 1993), was the subject of an agreement entered into with any government referred to in subsection (3). (5) Any payment for the completion of a project referred to in subsection (4) shall, notwithstanding the terms and conditions of the relevant agreement, be made to the provincial government which has taken over the project in question.’’. 5 10 15 4 Amendment of section 5 of Act 68 of 1968, as substituted by section 3 of Act 29 of 1986

Section 1Verify source

§ 2Section 5 of the principal Act is hereby amended by the addition of the followingShort title

The Minister may pay an amount into the National Revenue Fund, and the amount is determined by the Minister in consultation with the Minister of Finance.

2. Section 5 of the principal Act is hereby amended by the addition of the following subsection: ‘‘(3) Notwithstanding subsection (1), the Minister may pay into the National Revenue Fund such an amount of the moneys contemplated in subsection (1) as the Minister, in consultation with the Minister of Finance, may determine.’’. 5 Short title

Section 2Verify source

§ 3This Act shall be called the Economic Co-operation Promotion Loan FundAmendment

This provision gives the Act its name.

3. This Act shall be called the Economic Co-operation Promotion Loan Fund 10 Amendment Act, 1998.

Section 3Verify source

Legislative relationships

2 referenced instruments

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A–F

2 instruments

Economic Co-operation Promotion Loan Fund Act, 1968
Section 1
Finance. 2. Section 5 of the principal Act
Section 2

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