Long term nature definition

Long term nature means a contract that exceeds the duration of three years covered in the annual budget for that financial year and Section 33 of the MFMA is applicable.
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Long term nature. : means a contract that exceeds the duration of three years and Section 33 of the MFMA is applicable;
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Long term nature means a transaction with a contract duration period exceeding the three years covered in the annual budget for that financial year;
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More Definitions of Long term nature

Long term nature means a contract as defined by section 33(1) of the MFMA imposing financial obligations on the municipality beyond the first three years covered in the approved annual budget;
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Long term nature means a contract with a duration period exceeding three years;
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Long term nature means a contract as defined by section 33(1) of the MFMA imposing financial obligations on the municipality beyond the first three years covered in the approved annual budget with a duration period exceeding three years;
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Related to Long term nature

  • Long-term care means those activities taken by a host state after a compact facility is permanently closed to ensure the protection of air, land, and water resources and the health and safety of all people who may be affected by the compact facility.

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Long-term inpatient care means inpatient services for

  • Long-term contract means a contract with a duration period exceeding one year;