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| act-120-1991.pdf | 661.2 KB |
120 of 1991
The Finance Act 120 of 1991 intends:
- to provide for certain payments from the surplus in the State Revenue Account and the payment of certain amounts in dividends directly to the Development Bank of Southern Africa;
- to charge the Accounts for Provincial Services: Cape, Orange Free State and Transvaal with certain unauthorized expenditure and authorize other expenditure;
- to ratify loans raised by the Trans-Caledon Tunnel Authority;
- to remit a certain amount owed by the South African Broadcasting Corporation to the State;
- to amend the Exchequer Act, 1975, so as
- to further regulate those powers, duties and functions which are at present exercised or performed by the Minister of State Expenditure; and
- to provide for a reduction in the permanent capital of the South African Broadcasting Corporation;
- to amend the Finance and Financial Adjustments Acts Consolidation Act, 1977, so as to further regulate the allocation of traffic fines to local authorities;
- to repeal certain existing Finance Acts; and
- to provide for matters connected therewith.
Amends
Commencement
10 July 1991
