Municipal Finance Management Act definition

Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);
Municipal Finance Management Act. ’ means the Local Government: Munici- pal Finance Management Act, 2003 (Act No. 56 of 2003);
Municipal Finance Management Act. – means the Local Government: Municipal Finance Management Act No.56 of 2003, and any regulations made under that Act;

Examples of Municipal Finance Management Act in a sentence

Irregular expenditure is expenditure that is contrary to the Municipal Finance Management Act (Act No.56 of 2003), the Municipal Systems Act (Act No.32 of 2000), the Public Office Bearers Act (Act No. 20 of 1998) or is in contravention of the Municipality’s supply chain management policy.

Unauthorised expenditure is expenditure that has not been budgeted, expenditure that is not in terms of the conditions of an allocation received from another sphere of government, municipality or organ of state and expenditure in the form of a grant that is not permitted in terms of the Municipal Finance Management Act (Act No.56 of 2003).

Although this objective is commendable, it has become increasingly difficult to do so through the promulgation of the Municipal Finance Management Act.

However, in order not to encroach on the area already covered by the Municipal Finance Management Act, the Bill will apply to discretionary financial interventions and section 139(4) and (5) interventions only to the extent that the Bill’s provisions are not inconsistent with the Municipal Finance Management Act, 2003.

The statutory legislative framework for effective management of local government consists of the Local Government: Municipal Structures Act, No 117 of 1998, the Local Government: Municipal Systems Act, No 32 of 2000, and the Local Government: Municipal Finance Management Act, 56 of 2003.


More Definitions of Municipal Finance Management Act

Municipal Finance Management Act. (MFMA): means the Local Government: Municipal Finance Management Act, 56 of 2003.
Municipal Finance Management Act means the Local Government: Municipal Finance Management Act No. 56 of 2003 and, unless otherwise stated in this policy, any reference tothe Act” shall mean a reference to this Act;
Municipal Finance Management Act means the Local Government; Municipal Finance Management Act, 2003 (Act 56 /2003);
Municipal Finance Management Act means the Municipal Finance Management Act, MFMA (Act No. 56 of 2003);
Municipal Finance Management Act means the Local Government: Municipal Finance Management Act No. 56 of 2003;
Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2000 [Act No. 53 of 2003], as amended from time to time;
Municipal Finance Management Act means the local Government: Municipal Finance