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GOVERNMENT GAZETTE, 3 DECEMBER 1997
No. 18489
Act No. 73, 1997
NATIONAL FILM AND VIDEO FOUNDATION ACT. 1997
financial year of the Foundation for any expenses in connection with the performance of
its functions.
(c) The Foundation shall utilise any donations or contributions contemplated in
subsection (1)(c) in accordance with the conditions, if any. imposed by the donor or
contributor concerned.
(3) The Foundation may, in respect of any work completed or service rendered by it
under this Act, charge such fees or make such other financial arrangements as it may
deem fit.
(4) The Foundation may invest any unexpended portion of its funds with the
Corporation for Public Deposits.
(5) The Foundation may establish such reserve funds and deposit therein such
amounts as the Minister may approve, with the concurrence of the Minister of Finance.
(6) (a) The Foundation shall in each financial year, at such time as the Minister may
direct, submit a statement of the Foundation’s estimated inccme and expenditure during
the following financial year, and the Foundation may also during the course of a
financial year submit supplementary statements of the Foundation’s estimated expenditure for that financial year, to the Minister for approval, granted with the concurrence of
the Minister of Finance.
(b) The Foundation shall not incur any expenditure in excess of the total amount
approved under paragraph (a).
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Audit, annual and financial report
17. (1) The Auditor-General shall audit the accounts and balance sheet of the
Foundation.
(2) The Foundation shall—
(u) furnish to the Minister such information as he or she may call for in 25
connection with the activities and financial position of the Foundation;
(b) submit to the Minister an annual report containing a balance sheet, a statement
of income and expenditure certified by the Auditor-General and such other
particulars as the Minister may require.
(3) The Minister shall table the report referred to in subsection (2)(b) in Parliament 30
within 14 days after receipt thereof if Parliament is then in ordinary session or, if
Parliament is not then in ordinary session, within 14 days after the commencement of its
next ordinary session.
Establishment and control of Funds
18. (1) There are hereby established two funds to be known as the Film and Video 35
Initiative and the Film Development Fund, respectively.
(2) The funds shall consist of—
(a) money appropriated by Parliament; and
(b) any other money accruing to the Fund in question from any other source.
(3) The purpose of the Film and Video Initiative is to provide funding for feature films 40
and video projects.
(4) The purpose of the Film Development Fund is to provide funding for—
(a) entry level producers and first time directors;
(b) bursaries for study in film making;
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(c) short and specialised film and video productions; and
(d) script development.
(5) The Funds shall be controlled and administered by the Foundation in accordance
with the provisions of this Act.
(6) The Council shall open separate accounts with a bank as defined in section 1 of the
Banks Act, 1990 (Act No. 94 of 1990), in which the money of the respective Funds is to 50
be kept.
Losses and damage
19. (1) If a person who is or was in the employment of the Foundation caused the
Foundation loss or damage because he or she—
~a) failed to collect money due to the Foundation for the collection of which he or 55
she is or was responsible;