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 annually in terms of section 214 (1) of the Constitution; ‘‘approved budget’’ means an annual budget -
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Examples of Annual Division of Revenue Act in a sentence

  • The entity’s budget preparation shall take guide from the National Treasury’s guidelines set out in the annual Budget Circulars as well as the indicative numbers and other inputs as set out in the Annual Division of Revenue Act.

  • 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.

  • 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.

  • 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).

  • Reporting does not only end with the financial resources that are allocated as part of the equitable share, it extends to grants as well as per the Annual Division of Revenue Act, and as part of the IYM-report.

  • The budget is prepared in the assumption that no allocations as per 2022 Annual Division of Revenue Act will be withheld / offset / paid back to the National Revenue Fund.

  • The Seller shall have no claim against STRATA-G for work not performed, goods or services not delivered, loss of anticipated profits or consequential damages suffered by reason of any such termination.

  • The revised figures for transfers will be published in the Annual Division of Revenue Act and the figures for new allocations of funds must also be reflected in municipal budgets which are finalised in June which implies that functions which are transferred to municipalities will only become effective on 1 July of any year, nine months after the deadline for approval of the transfer of the function and related finances.

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

  • Module Checklist: Functionality Required Functionality Required Functionality RequiredmSCOA SYSTEM Name of system providing functionality ModuleGRANT MANAGEMENT Grant management includes all the activities, processes and procedures to register and reconcile all the grants allocated, received and spent according to the conditions in the Annual Division of Revenue Act.


More Definitions of Annual Division of Revenue Act

Annual Division of Revenue Act means the Act of Parliament which must be enacted annually in
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Annual Division of Revenue Act means the Act of Parliament which
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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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Annual Division of Revenue Act means the Act of Parliament,
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Related to Annual Division of Revenue Act

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

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;

  • 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.

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