Long title

To regulate the financial management of the Eastern Cape Provincial Legislature in a manner consistent with its status in terms of the Constitution; to ensure that all revenue, expenditure, assets and liabilities for the provincial legislature are managed efficiently, effectively and transparently; to provide for the responsibilities of persons entrusted with financial management in the provincial legislature; and to provide for matters connected therewith.

Table of contents

SECTION	TITLE
	PREAMBLE
1.	Definitions
2.	Objects of this Act
	CHAPTER 2. OVERSIGHT, EXECUTIVE AUTHORITY AND ADMINISTRATION OF ACT
	Part 1. Budget and oversight committee
3.	The budget and oversight committee
	Part 2. Executive Authority
4.	Executive authority
	Part 3. Administration of Act
5.	Accounting Officer
6.	General financial management functions
7.	Performance of Accounting Officer
8.	Acting Accounting Officer
9.	Delegation of authority and duties by Accounting Officer
10.	Responsibilities of officials
11.	Fiduciary responsibilities
	CHAPTER 3. PLANNING AND BUDGETING
12.	Preparation of strategic plan, annual performance plan and budget
13.	Strategic plan
14.	Annual performance plan
15.	Annual budget
16.	Submission of drafts of strategic plan, annual performance plan and budget
17.	Annual appropriations and approvals
18.	Expenditure before the Legislature's annual budget is passed
19.	Unauthorised expenditure
20.	Unauthorised expenditure of donor funds
21.	Virement between main divisions within the approved budget
22.	Treatment of unspent funds
	CHAPTER 4. CASH MANAGEMENT AND INVESTMENT
23.	Cash management and investment policy
24.	Opening of bank accounts
25.	Control of bank accounts
26.	Withdrawals from bank accounts
27.	Restrictions on borrowing, guarantees and other transactions
28.	Requisitioning of funds by Accounting Officer
	CHAPTER 5. FINANCIAL MANAGEMENT
29.	Asset and liability management
30.	Revenue management
31.	Management of debtors
32.	Expenditure management
33.	Support for Members and political parties
34.	Transfers
35.	Budget implementation
36.	Executive directive with financial implications
37.	Impending shortfalls and overspending
	CHAPTER 6. SUPPLY CHAIN MANAGEMENT
38.	Application of this Chapter
39.	Supply chain management policy
40.	Implementation of supply chain management policy
41.	Unsolicited offers
42.	Tenders not recommended
43.	Members of the Legislature barred fr serving on tender committees
44.	Interference
45.	Prohibition on contracts
	CHAPTER 7. AUDIT COMMITTEE AND INTERNAL AUDIT UNIT
46.	Establishment of audit and advisory committee
47.	Functions of audit and advisory committee
48.	Allegations against Accounting Officer
49.	Internal audit
	CHAPTER 8. REPORTING AND AUDITING
	Part 1. In-year reporting
50.	Monthly financial reports
51.	Quarterly performance reports
52.	Mid-year budget and performance assessment
53.	Submission of reports to the Committee
	Part 2. Annual report, financial statements and auditing
54.	Preparation of annual reports
55.	Preparation of financial statements
56.	Submission of annual financial statements
57.	Auditing of annual financial statements
58.	Submission of annual report
59.	Tabling and consideration of annual report
60.	Issues raised in audit reports
61.	Consequences of non-compliance with certain provisions
	Part 3. General reporting responsibilities
62.	Reporting of irregularities
63.	Other information
	CHAPTER 9. REGULATIONS AND INSTRUCTIONS
64.	Regulations
65.	Instructions
	CHAPTER 10. FINANCIAL MISCONDUCT
	Part 1. Disciplinary proceedings
66.	Financial misconduct by Accounting Officer
67.	Financial misconduct by officials
	Part 2. Criminal proceedings
68.	Offences
69.	Penalties
	CHAPTER 11. MISCELLANEOUS
70.	Liability of functionaries exercising powers and functions in terms of this Act
71.	Short title and commencement
Sch. 1	SCHEDULE 1. CODE OF ETHICS THE EXECUTIVE AUTHORITY
Sch. 2	SCHEDULE 2. MATTERS THAT MUST BE COVERED IN THE LEGISLATURE'S SUPPLY CHAIN MANAGEMENT POLICY
Sch. 3	SCHEDULE 3. TRANSITIONAL ARRANGEMENTS

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