Section 4B: Annual estimates
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
4B. Annual estimates
(1) Every statutory body shall, not later than 28 February in every year
submit to the Minister, in respect of the following financial year, estimates of
income and expenditure, both recurrent and capital, prepared on a 3-financial
year rolling basis, the estimates for the first year of every such period of 3
financial years requiring approval by the Minister.
(2) Every statutory body shall, in the preparation of the estimates
referred to in subsection (1), ensure that it does not enter into financial
obligations in excess of its present and future financial capacity.
[S. 4A inserted by s. 22 (d) of Act 1 of 2009 w.e.f. 1 August 2010 in respect of the financial
year 2011 and in respect of every subsequent financial year; amended by s. 19 (b) of Act 20 of
2009 w.e.f. 19 December 2009; s. 26 (c) of Act 26 of 2013 w.e.f. 1 January 2014; repealed
and replaced by s. 17 (4) (b) of Act 1 of 2015 w.e.f. 1 January 2016; amended by s. 52 (b) of
Act 10 of 2017 w.e.f. 1 July 2017.]