Public Finance Management Act [Chapter 22:19] as amended as at 28 October 2016 2 Interpretation 6 In this Act— “Accountant-General” means the person appointed as such in terms of section 9; “accounting authority” means the person or body referred to in section 41(2); “accounting officer” means a person who is prescribed to be an accounting officer in terms of section 10; “appropriate Minister”, in relation to— (a) a public entity, means the Minister responsible for administering the Act by or in terms of which the public entity was established; (b) a company, partnership or joint venture referred to in paragraph (b) or (d) of the definition of “public entity”, means— (i) the Minister who, according to the memorandum and articles of association of the company, the partnership agreement or the foundational document of the joint venture, as the case may be, is the Minister who holds the shares or interests on behalf of the State; or (ii) in the absence of any indication referred to in subparagraph (i), the Ministry responsible for the sector of the economy in which the company, partnership or joint venture carries on its main activities. “Appropriation Bill” or “Appropriation Act” means a Bill referred to in section 28(3), or Act resulting from an Appropriation Bill or Supplementary Appropriation Bill; “appropriate”, in relation to public moneys, means appropriate through an Appropriation Bill or Act; “audit committee” means a committee established in terms of section 84; “Auditor-General” means the person appointed in terms of section 309 of the Constitution; 7 “bond” means a document issued in pursuance of Part VI acknowledging a debt and binding the State to pay a specified sum at a stated time or on special conditions, and includes a debenture or other form of certificate of indebtedness; “budgeted”, in relation to expenditure, means itemised in the estimates of expenditure and voted for in an Appropriation Act; “capital budget”, in relation to a public entity, means a programme of capital expenditure which that public entity proposes to incur or to which it proposes to commit itself during its financial year, whether or not such capital expenditure is in respect of projects which will be completed during that financial year, together with proposals for the financing thereof; “capital expenditure” means expenditure on any project involving the acquisition of capital assets such as land, buildings, plant, machinery, fixtures and fittings, whether such 6 Definitions of the following terms were repealed by Act 4/2015 with effect from 4th September 2015: agent; cancelled; sinking fund; State loan; stock. This was a consequence of the repeal by the same Act of Part VI of this Act which formerly dealt with States Loans and Guarantees. 7 Definition inserted by Act 3/2016 with effect from 1st July 2016. -5-