Examples of Municipal Asset Transfer Regulations in a sentence
Legal AuthorityThe application is regarded as a disposal of a capital asset in terms of: Section 14 of the Municipal Finance Management Act, 2003 (Act 56 of 2003) The Local Government: Municipal Asset Transfer Regulations, 2008 (Government Gazette Number 31346) Sol Plaatje Municipality Policy on Land and Other Immovable Capital Assets (2016).
Exempt assets Capital assets transferred to another municipality or to a municipal entity or to a national or provincial organ of state in circumstances and in respect of categories of assets approved by the National Treasury, provided that such transfers are in accordance with a prescribed framework in terms of the Municipal Asset Transfer Regulations.
To give effect to Regulation 40 of the Supply Chain Management Regulations which requires an effective system for the disposal of letting of assets including unserviceable, redundant or obsolete assets and the Municipal Asset Transfer Regulations, subject to sections 14 and 90 of the Municipal Finance Management Act (MFMA) and any other applicable legislation.
The municipality may not transfer ownership as a result of a sale or other transaction or otherwise permanently dispose of a non- current asset needed to provide the minimum level of basic municipal services, subject to stipulations in the Municipal Asset Transfer Regulations.
The prices will vary as per the size of property Legal Authority The application is regarded as a disposal of a capital asset in terms of: Section 14 of the Municipal Finance Management Act, 2003 (Act 56 of 2003) The Local Government: Municipal Asset Transfer Regulations, 2008 (Government Gazette Number 31346) Sol Plaatje Municipality Policy on Land and Other Immovable Capital Assets (2011) Contact PersonActing Properties Manager: Mr N.
If they agree to follow the process specified in regulation 20(f) of the Municipal Asset Transfer Regulations, when it comes to compensation of the assets regulations 28 and 29 will apply –Compensation for transfer of assets28.
Statutory provisions such as Municipal Asset Transfer Regulations are being implemented to protect public property against arbitrary and inappropriate management or disposal by local government Accounting standards are being adopted by the Accounting Standards Board per instructions or the Accounting General, to ensure the appropriate financial treatment for property, plant and equipment.
Legal Authority The application is regarded as a lease of a capital asset in terms of: Chapter 4 of the Local Government: Municipal Asset Transfer Regulations, 2008 (Government Gazette Number 31346) Local Government: Municipal Asset Transfer Regulations, 2008 (Government Gazette Number 31346) Sol Plaatje Municipality Policy on Land and Other Immovable Capital Assets (2011).
The prices will vary as per the size of property Erven SizeMarket Valuation14 874 m2R 595,000.002222 m2R 178,000.00 Legal Authority The application is regarded as a disposal of a capital asset in terms of: Section 14 of the Municipal Finance Management Act, 2003 (Act 56 of 2003) The Local Government: Municipal Asset Transfer Regulations, 2008 (Government Gazette Number 31346) Sol Plaatje Municipality Policy on Land and Other Immovable Capital Assets (2011) Contact PersonActing Properties Manager: Mr N.
The prices will vary as per the size of property Erven SizeMarket Valuation14 874 m2R 595,000.002222 m2R 178,000.00 Legal Authority The application is regarded as a disposal of a capital asset in terms of:• Section 14 of the Municipal Finance Management Act, 2003 (Act 56 of 2003)• The Local Government: Municipal Asset Transfer Regulations, 2008 (Government Gazette Number 31346)• Sol Plaatje Municipality Policy on Land and Other Immovable Capital Assets (2011) Contact PersonActing Properties Manager: Mr N.