MEC for finance definition

MEC for finance means the member of the Executive Council of a province who is responsible for finance in that province;
Sample 1Sample 2Sample 3
MEC for finance means the member of an Executive Council of a province responsible for finance in the province;
Sample 1Sample 2Sample 3
MEC for finance means the Member of the Executive Council of the Province responsible for finance;
Sample 1Sample 2

Examples of MEC for finance in a sentence

  • Such a budget must, after the intervention has ended, be replaced by a budget approved by the newly elected council, provided that the provisions of this Chapter relating to annual budgets are substantially complied with in line with any revised time frames approved by the MEC for finance in the province.

  • The MEC for finance in a province, as the head of the provincial treasury, takes all decisions of the provincial treasury in terms of this Act, except those decisions taken as a result of a delegation in terms of section 6(4).

  • The MEC for finance must submit such consolidated statement to the provincial legislature no later than 45 days after the end of each quarter.

  • The mayor must promptly report to the municipal council and the MEC for finance in the province any delay in the tabling of an annual budget, the approval of the service delivery and budget implementation plan or the signing of the annual performance agreements.

  • Should the municipality fail to approve the budget before the start of the budget year, the mayor must inform the MEC for finance that the budget has not been approved.

  • Until a budget for the municipality is approved in terms of subsection (1), funds for the requirements of the municipality may, with the approval of the MEC for finance in the province, be withdrawn from the municipality’s bank accounts in accordance with subsection (5).

  • Promptly report to the municipal council and the MEC for finance in the province any delay in the tabling of an annual budget, the approval of the service delivery and budget implementation plan or the signing of the annual performance agreements.

  • The MEC for finance must submit such consolidated statement to the provincial legislature no later than 45 days after end of each quarter.

  • The executive authority of a provincial department may not issue a guarantee, security or indemnity that may bind the provincial revenue fund, except with the prior written approval of the MEC for finance in the province.

  • The MEC for finance in a province must submit the consolidated financial statements and the audit report, within one month of receiving the report from the Auditor-General, to the provincial legislature for tabling in the legislature.


More Definitions of MEC for finance

MEC for finance means the Member of the Executive Council responsible for Finance in the North West Province;
Sample 1Sample 2
MEC for finance means the (Member of an Executive Council) of a Local Government Area responsible for finance in the Local Government Area;
Sample 1Sample 2
MEC for finance means the member of an Executive Council of a province responsible for finance in the province;[definition of "MEC for finance" inserted by section 1(f) of Act 29 of 1999]
Sample 1
MEC for finance. ’ means the member of an Executive Council of a province 10
Sample 1

Related to MEC for finance

  • Junior Financing has the meaning set forth in Section 7.13(a).

  • Refunding Capital Stock has the meaning assigned to such term in Section 6.04(a)(viii).

  • Senior Financial Officer means the chief financial officer, principal accounting officer, treasurer or comptroller of the Company.

  • Project Finance Indebtedness means any present or future indebtedness incurred to finance the ownership, acquisition, development and/or operation of an asset, whether or not an asset of a member of the Group:

  • Unrestricted Subsidiary means any Subsidiary of the Company that is designated by the Board of Directors of the Company as an Unrestricted Subsidiary pursuant to a resolution of such Board of Directors, but only to the extent that such Subsidiary:

  • Permitted Joint Ventures means one or more joint ventures formed (a) by the contribution of some or all of the assets of the Company’s or a Permitted Affiliate Parent’s business solutions division pursuant to a Business Division Transaction to a joint venture formed by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries with one or more joint venturers and/or (b) for the purposes of network and/or infrastructure sharing with one or more joint venturers.

  • Excluded Capital Stock means:

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

  • Converted Unrestricted Subsidiary has the meaning specified in the definition of “Consolidated EBITDA.”