Municipal Finance Management Act definition

Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);
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Municipal Finance Management Act. – means the Local Government: Municipal Finance Management Act No.56 of 2003, and any regulations made under that Act;
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Municipal Finance Management Act. (MFMA): means the Local Government: Municipal Finance Management Act, 56 of 2003.
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Examples of Municipal Finance Management Act in a sentence

  • The annual financial statements have been prepared in accordance with the Standards of Generally Recognised Accounting Practice (GRAP), issued by the Accounting Standards Board in accordance with Section 122(3) of the Municipal Finance Management Act (Act 56 of 2003).

  • 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), and the Public Office Bearers Act (Act No. 20 of 1998) or is in contravention of the economic entity’s supply chain management policy.

  • ADJUDICATION OF BIDS Bids submitted in response to this invitation will be adjudicated by PIKITUP in terms of a supply chain management policy developed in accordance with the requirements of the Municipal Finance Management Act 56 of 2003 and the PPPFA.

  • A register containing the information required by section 63 of the Municipal Finance Management Act is available for inspection at the registered office of the municipality.

  • 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).


More Definitions of Municipal Finance Management Act

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 to “the Act” shall mean a reference to this Act;
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Municipal Finance Management Act means the Municipal Finance Management Act, MFMA (Act No. 56 of 2003);
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Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2000 [Act No. 53 of 2003], as amended from time to time;
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Municipal Finance Management Act means the Local Government: Munici- pal Finance Management Act, 2003 (Act No. 56 of 2003);
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Municipal Finance Management Act means the Local Government: Municipal Finance
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Municipal Finance Management Act. ’ means the Local Government: Munici-
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Municipal Finance Management Act. ’ means the Municipal Finance Manage- ment Act, 2003 (Act No. 56 of 2003); 10
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