Cap. 22:23 Pusuc PROCUREMENT AND DisPOSAL OF Pusuc AssETs No. 5/2017 ZIMBABWE ACT To provide for the control and regulation of public procurement and the disposal of public assets so as to ensure that such procurement and disposal is effected in a manner that is transparent, fair, honest, costeffective and competitive; to establish the Procurement Regulatory Authority of Zimbabwe and to provide for its functions; to amend the Infrastructure Development Bank of Zimbabwe Act [Chapter 24:14]; to repeal the Procurement Act [Chapter 22:141 (No.2 of 1999); and to provide for matters connected with or incidental to the foregoing. ENACTED by the Parliament and President of Zimbabwe. 1 Short title and date of commencement (1) This Act may be cited as the Public Procurement and Disposal of Public Assets Act [Chapter 22:23]. (2) This Act shall come into operation on a date to be fixed by the President by notice in a statutory instrument. 2 Interpretation (l) In this Act- "accounting officer", in relation to( a) a procuring entity that is a Ministry or other entity for which there is a separate expenditure vote in the annual estimates of expenditure, means the person who is prescribed to be its accounting officer in terms of section 10 of the Public Finance Management Act [Chapter 22:19] (No. 11 of2009); (b) a procuring entity other than an entity referred to in paragraph (a), means such officer of the entity as may be prescribed; Pri11ted by the Goverrunent Printer, Harare 45