President Ramaphosa signed the Municipal Fiscal Powers and Functions Amendment Bill, regulating municipal development charges and establishing a uniform framework.
President Cyril Ramaphosa signed into law the Municipal Fiscal Powers and Functions Amendment Bill, regulating municipalities' power to levy development charges and ensuring transparency and accountability in their establishment, collection, and expenditure. The bill establishes a system for municipalities to impose levies for land development applications and provides a uniform regulatory framework for development charges across municipalities. The National Land Transport Amendment Bill and Economic Regulation of Transport Bill were also signed into law.
June 12, 2024
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