Act (MFMA) definition
Act (MFMA). – means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);
Examples of Act (MFMA) in a sentence
The integrated asset management system must meet the minimum system specifications requirements in accordance with Annexure B of the Municipal Finance Management Act (MFMA) Circular 80 The minimum point to be scored for functionality / quality should be equal to 80 % which is 80/100 points in order to be considered for further evaluation.
The Municipal Finance Management Act (MFMA) 2003 (Act No. 56 of 2003) promotes the objective of good financial management in order to maximise service delivery through the efficient use of limited resources.