Local Government: Municipal Finance Management Act 56 of 2003

The Local Government: Municipal Finance Management Act 56 of 2003 intends:

• to secure sound and sustainable management of the financial affairs of municipalities and other institutions in the local sphere of government;
• to establish treasury norms and standards for the local sphere of government; and
• to provide for matters connected therewith.

Amends

Promotion of Local Government Affairs Act 91 of 1983

Commencement

• 1 July 2004, excluding Sections 62(1)(f)(iv), 71, 110 to 116 and 120; 9, 38, 29, 40, 41 and 42; 5(3), (4) and (8), 28, 34 (3), 73, 91, 123, 126 to 134, Chapter 13 and Section 179; Sections 83, 107 and 119; Section 45(4)(a) (Gazette 26510 of 25 Jun 2004)
• 1 December 2004, Sections 62(1)(f)(iv), 71, 110 to 116 and 120 (Gazette 26510 of 25 Jun 2004)
• 1 Apr 2005, Sections 9, 38, 29, 40, 41 and 42 (Gazette 26510 of 25 Jun 2004)
• 1 Jul 2005, Sections  5(3), (4) and (8), 28, 34 (3), 73, 91, 123, 126 to 134, Chapter 13 and Section 179 (Gazette 26510 of 25 Jun 2004)
• 1 Jul 2006, Sections  83, 107 and 11 (Gazette 26510 of 25 Jun 2004)
• 1 Jul 2008, Section 45 (4)(a) (Gazette 26510 of 25 Jun 2004)

Amendments

Amended by Municipal Fiscal Powers and Functions Act 12 of 2007