96
In forceContinuing funds
Part 7Repeal and transitional provisions
Division 2Transitional provisions for Act No. 9 of 2009
96 Continuing funds
(1)
On the commencement—
(a)
the continuing funds mentioned in schedule 2, column 2 are closed; and
(b)
moneys remaining in a continuing fund mentioned in column 2 are transferred to a departmental account of the department mentioned opposite the fund in schedule 2, column 1.
(2)
In this section—
continuing fund means a continuing fund continued in existence under section 29 of the repealed Act.
This Act’s bill:Explanatory memorandumSecond reading speech
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