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Section 9B: Warehouse Fund

Tobacco Production And Marketing Act · PART I: THE TOBACCO BOARD

consolidated text (as at 2005). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

9B. Warehouse Fund (1) The Board shall establish a Warehouse Fund— (a) into which shall be paid the proceeds from the sale of leaf tobacco and other income related to warehouse operations; and (b) out of which all payments required to be made in respect of leaf tobacco and warehouse operations shall be effected. T10 – 5 [Issue 1] Tobacco Production and Marketing Act (2) Any sum standing to the credit of the Building and Equipment Fund shall, at the commencement of this section, vest in the Warehouse Fund. [S. 9B inserted by s. 19 (b) of Act 28 of 2004 w.e.f. 26 August 2004.]

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