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| LEGISLATION: The National Trust Commission Act, 1972 (Amended K.O-I-C 22/1973) |
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(CONTENTS) (PART I) (PART II) (PART III) (PART IV) (PART V) (PART VI) (PART VII) PART VI FINANCIAL PROVISIONS Financial year. 34. The financial year of the Commission, the Swaziland National Centre, any other declared institution and any park shall be the period of twelve months ending onthe 31st March in each calendar year. Revenues of the Commission. 35. The revenues of the Commission shall consist of such sums as - (a) may from time to time be placed at its disposal by Parliament; (b) may with the approval of Parliament be raised for its purposes by loan, in or outside Swaziland, either by Government or the Commission; (c) with the approval of the Minister of Finance, it may raise by means of bank overdraft or such other means as may be determined in accordance with such provisions as may be prescribed; (d) may from time to time be placed at the disposal of the Commission by way of grant or otherwise; (e) may accrue to it by virtue of its operations in accordance with the provisions of this Act. Application of funds of the Commission. 36. (1) The Commission may, subject to this or any other law, expend moneys in the proper exercise of its duties and powers and in the proper performance of matters necessarily incidental thereto or arising therefrom and for the purpose of meeting its lawful debts and obligations. (2) Every payment from its funds shall be made by the chief executive officer of the Commission at the direction of the Commission, or of a finace sub-committee appointed under section 6(2). (3) No expenditure shall be incurred by the Commission unless it can be properly charged to an item in the annual estimates or supplementary estimates approved by the Minister in terms of section 37. Annual estimates. 37. (1) The Commission shall on a date which the Minister may determine, failing which not later than two months before the commencement of the financial year, submit to the Minister detailed estimates of its revenues and expenditures for the ensuing financial year in such form as he may approve. (2) Subject to subsection (3) the Minister may - (a) approve such estimates without amendment; or (b) disallow or amend any item or any part of any item therein which, in his opinion, is unlawful, excessive or unnecessary; or (c) disapprove such estimates. (3) The Minister shall prior to disallowing, amending or disapproving any such estimates give the Commission an opportunity of making representations to him thereon. (4) If any additional financial provisions required during any financial year, supplementary estimates shall be submitted by the Commission and the provisions relating to the annual estimates shall mutatis mutandis apply. Investment of funds. 38. Any funds of the Commission which are not required for immediate use may be - (a) placed on deposit with any commercial bank or the Swaziland Credit and Savings Bank; (b) with the consent of the Minister for Finance, invested with Government, any statutory body or a building society registered in Swaziland, or in such other manner as the Minister for Finance may approve. Annual Report. 39. The Commission shall, within three months after the end of each financial year, furnish the Minister with a report on its operations, including the operations of all declared institutions and parks. Accounts. 40. The Commission shall keep proper books and accounts of all its financial transactions, which shall be audited annually by the Director of Audit, and the balance sheet, together with a revenue and expenditure account, when so audited, shall be published in the Gazete, and laid on the table in both houses of Parliament. Exemptions from duties, taxes and fees. 41. Notwithstanding anything to the contrary in any other law, no duty, tax or fee shall be payable by the Commission, a declared institution or a park, reserve or monuments to the Government in respect of anything done or any transaction done under this Act, or in respect of any document required in connection with anything done or any such transactions where the duty, tax or fee would otherwise be payable by the Commission, declared institution, or park. (Amended K. O-I-C. 22/1973.) (CONTENTS) (PART I) (PART II) (PART III) (PART IV) (PART V) (PART VI) (PART VII) |
QUICK LINKS Site Map Contact Links Reference Material Discussions Updates LEGISLATION DOWNLOADS The Environment Management Act, 2002 MS Word 237 Kb The Flora Protection Act, 2000 MS Word 136 Kb The Forests Preservation Act No. 14 of 1910 MS Word 24 Kb The Game (amendment) Act MS Word 76 Kb The Game Act MS Word 81 Kb The Game Control Act No. 37 of 1947 MS Word 24 Kb The Grass Fires Act No. 44 of 1955 MS Word 46 Kb The National Trust Commission Act, 1972 (Amended K.O-I-C 22/1973) MS Word 97 KB The Natural Resources Act No. 71 of 1951 MS Word 66 Kb The Noxious Weeds Act No. 19 of 1929 MS Word 38 Kb The Plant Control Act No. 8 of 1981 MS Word 121 Kb The Private Forests Act No. 3 of 1951 MS Word 38 Kb The Protection of Freshwater Fish Act MS Word 38 Kb The Public Enterprises Unit Act No. 8 of 1989 MS Word 47 Kb The Wild Birds Protection Act MS Word 29 Kb |