Climate Change Act, 2024 (Act No. 22 of 2024)Chapter 2 : Policy Alignment and Institutional Arrangements14. Financial administration |
| (1) | The Presidential Climate Commission must comply with the provisions of the Public Finance Management Act. |
| (2) | The Presidential Climate Commission must be funded from moneys— |
| (a) | appropriated by Parliament for that purpose through its respective departmental vote in terms of the Public Finance Management Act; and |
| (b) | received by way of grants, donations or inheritance from any of the social partners or any source, whether inside or outside the Republic, in accordance with a fundraising strategy to be adopted by the Presidential Climate Commission from time to time. |
| (3) | Monies appropriated by Parliament for this purpose— |
| (a) | constitutes earmarked funds on the Minister’s departmental vote; and |
| (b) | may not be used by the Presidential Climate Commission for any other purpose without the approval of Parliament. |
| (4) | The fundraising strategy contemplated in subsection (2)(b) shall provide that such funding, amongst others— |
| (a) | must be unconditional other than that it will be used towards the fulfilment of the functions of the Presidential Climate Commission; |
| (b) | will not result in a conflict of interests for the Presidential Climate Commission or any commissioner; and |
| (c) | must be disclosed in full in accordance with this Act and any other applicable legislation. |
| (5) | All grants, donations and inheritances must be disclosed in the annual report of the Presidential Climate Commission and all material grants, donations and inheritance must be itemised. |