Annual Division of Revenue Act definition

Annual Division of Revenue Act means the Act of Parliament, which must be enacted annually in terms of section 214 (1) of the Constitution;
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Annual Division of Revenue Act means the Act of Parliament which must annually be enacted in terms of section 214(1) of the Constitution; “constitutional institution” means an institution listed in Schedule l; “department” means a national department;
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Annual Division of Revenue Act means the Act of Parliament, which must be enacted
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Examples of Annual Division of Revenue Act in a sentence

  • Kgetlengrivier Local Municipality operates its financial management within the framework of Municipal Finance Management Act (MFMA) Act No 56 of 2003 and the Annual Division of Revenue Act (DoRA).Key focus areas are as follows; The Financial Department comprises out of the following divisions: Income, Expenditure, Budget Office, Credit Control, Asset Management, Risk Management & Supply Chain ManagementFOCUSTo ensure efficient and effective financial management.

  • The cornerstone of the reform initiative has been implemented through the MFMA No 56 of 2003, which became effective in July 2004 and was supported by the Annual Division of Revenue Act.

  • Moreover, these parameters, weak as they appear, are enough for the proof of the main result.

  • The Financial Management Services branch assists the accounting officer in discharging the duties prescribed in chapter 5 of the PFMA and the Annual Division of Revenue Act.

  • In fact, all policies and supporting decisions taken by the municipality must be supported through a by-law to make it lawfully enforceable.Section 214 of the Constitution also provides for national government to transfer resources to municipalities in terms of the Annual Division of Revenue Act (DoRA) to assist them in exercising their powers and performing their functions (Constitution of South Africa, 1996).

  • The following are grants (conditional / non conditional) receivable from National Organs of states for various purposes as indicated in the Annual Division of Revenue Act as availed immediately after the budget speech by the Minister of Finance (Mr P Gordhan) in early February 2011.

  • The Financial Management Services department assists the Accounting Officer in carrying out the duties stipulated in Chapter 5 of the PFMA and the Annual Division of Revenue Act.

  • Consultation is mandatory for reassignment of functions in terms of section 27 of the Annual Division of Revenue Act (DORA) and section 6 of Intergovernmental Fiscal Relations Act,1997 (Act No.97 of 1997).Cabinet should have been informed of the desire to shift a function and should have approved the shift in principle before the planning commences.

  • The provision of financial support is generally addressed in the Annual Division of Revenue Act.

  • The Annual Division of Revenue Act provides for the equitable division of revenue raised nationally among the national, provincial and local spheres of government for the financial year, the determination of each province’s equitable share and allocations to provinces, local government and municipalities from national government’s equitable share and the responsibilities of all three spheres pursuant to such division and allocations; and to provide for matters connected therewith.


More Definitions of Annual Division of Revenue Act

Annual Division of Revenue Act. ’ means the Act of Parliament which must be enacted annually in terms of section 214 (1) of the Constitution; ‘‘approved budget’’ means an annual budget -
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Annual Division of Revenue Act means the Act of Parliament,
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Annual Division of Revenue Act meansthe Actof Parliament, whichmust be enacted annually in terms of section 214 (1) of the Constitution; "Approved budget,” means an Annual Budget-
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Related to Annual Division of Revenue Act

  • Annual Revenue means the Company’s or a business unit’s net sales for the Fiscal Year, determined in accordance with generally accepted accounting principles; provided, however, that prior to the Fiscal Year, the Committee shall determine whether any significant item(s) shall be excluded or included from the calculation of Annual Revenue with respect to one or more Participants.

  • Original M&O Revenue means the total State and local Maintenance and Operations Revenue that the District would have received for such school year, calculated in accordance with TEXAS EDUCATION CODE Section 48.256(d), had this Agreement not been entered into by the Parties and the Applicant’s Qualified Property had been subject to the District’s ad valorem maintenance and operations tax without any limitation on value at the rate applicable for such Tax Year. For purposes of this calculation, the Consultant (as defined in Section 4.5) will base its calculations upon (1) the total Taxable Values for each applicable Tax Year as certified by the Appraisal District for all taxable accounts in the District for the District’s maintenance and operations ad valorem tax purposes, save and except for the Applicant’s Qualified Property subject to this Agreement, plus (2) the total Taxable Values for such applicable Tax Year as certified by the Appraisal District for the Applicant’s Qualified Property subject to this Agreement for the District’s debt service (interest and sinking fund) ad valorem tax purposes (which total Taxable Values for the Applicant’s Qualified Property subject to this Agreement shall be used in lieu of the total Taxable Values for such applicable Tax Year as certified by the Appraisal District for the Applicant’s Qualified Property subject to this Agreement for the District’s maintenance and operations ad valorem tax purposes).

  • State Water Board means the State Water Resources Control Board.

  • State Fiscal Year means the period beginning September 1 and ending August 31 each year, which is the annual accounting period for the State of Texas.

  • Gross Revenue means all of the earnings and revenues received by the RECIPIENT from the maintenance and operation of the Utility and all earnings from the investment of money on deposit in the Loan Fund, except (i) Utility Local Improvement Districts (ULID) Assessments, (ii) government grants, (iii) RECIPIENT taxes, (iv) principal proceeds of bonds and other obligations, or (v) earnings or proceeds (A) from any investments in a trust, Defeasance, or escrow fund created to Defease or refund Utility obligations or (B) in an obligation redemption fund or account other than the Loan Fund until commingled with other earnings and revenues of the Utility or (C) held in a special account for the purpose of paying a rebate to the United States Government under the Internal Revenue Code.

  • Judicial Council’s Master Account means the Judicial Council’s billing account to which the Contractor is authorized to charge specifically identified charges under this Agreement.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • energy performance certificate means a certificate which complies with regulation 6 of the Energy Performance of Buildings (Scotland) Regulations 2008,