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CONTENTS — INHOUD
No. Page Gazette
No. No.
GOVERNMENT NOTICE
R492 National Treasury: Local Government: Municipal Finance Management Act: Municipal Regulations on Debt
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12. Disclosures relating to financial affairs of the municipality or municipal entity
13. Disclosures relating to local economic indicators 14. Annual consolidation of disclosure statements
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3. When entering into discussions with a prospective lender, other creditor or underwriter with a view to incurring municipal debt, a municipality or municipal entity must indicate in writing to the prospective lender, other creditor or underwriter whether it intends to incur short-term or long-term debt, and –
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6. (1) If a municipality or municipal entity intends to incur long-term debt through the issuing of municipal debt instruments, it must:
(a) obtain a credit rating from an independent credit rating institution before it can incur debt through municipal debt instruments with effect 1 July 2008; and
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may be taken up by any person;
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(2) A municipality or municipal entity must place the annually updated disclosure statement prepared in terms of subregulation (1) on the municipal debt disclosure depository in terms of regulation 24(1).
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23. A disclosure statement issued by a person referred to in regulation 18 must set out the following information concerning the financial situation and financial management of the municipality or municipal entity whose debt is to be used for the issue of securities backed by municipal debt:
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Printed by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001 Publications: Tel. (012) 334-4508, 334-4509, 334-4510
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Gedruk deur en verkrygbaar by die Staatsdrukker, Bosmanstraat, Privaatsak X85, Pretoria, 0001 Publikasies: Tel. (012) 334-4508, 334-4509, 334-4510
Advertensies: Tel: (012) 334-4673, 334-4674, 334-4504 Subskripsies: Tel: (012) 334-4735, 334-4736, 334-4737
Kaapstad-tak: Tel: (021) 465-7531
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