National Research Foundation Act, 1998 (Act No. 23 of 1998)17. Funds of Foundation |
| (1) | The funds of the Foundation consist of- |
| (a) | money appropriated by Parliament; |
| (b) | [Section 17(1)(b) deleted by section 18 of Notice No. 637, GG 42441, dated 6 May 2019] |
| (c) | donations or contributions made to the Foundation; |
| (d) | fees paid to the Foundation in terms of subsection (4); |
| (e) | interest on investments of the Foundation; and |
| (f) | income derived from any other source. |
| (2) |
| (a) | The Foundation must utilise its funds to cover costs in connection with the performance of its functions in terms of this Act. |
| (b) | [Section 17(2)(b) deleted by section 18 of Notice No. 637, GG 42441, dated 6 May 2019] |
| (c) | The Foundation must utilise any donations or contributions contemplated in subsection (1)(c) in accordance with the conditions imposed by the donor or contributor in question. |
| (3) | [Section 17(3) deleted by section 18 of Notice No. 637, GG 42441, dated 6 May 2019] |
| (4) | The Foundation may, in respect of any work completed or service rendered by it under this Act, or for the use of rights consequent upon any discoveries, inventions or improvements, charge such fees or make such other financial arrangements as it may deem fit. However, the Foundation must recover the full cost of the use of its facilities in respect of such work or service. |
| (5) | [Section 17(5) deleted by section 18 of Notice No. 637, GG 42441, dated 6 May 2019] |
| (6) | The Foundation may establish such reserve funds, and deposit therein such amounts, as the Minister may with the concurrence of the Minister of Finance approve. |