National Treasury has published the draft Municipal Fiscal Powers and Functions Amendment (MFPFA) Bill for public comment.
142 provided input.
![Fiscal powers act](https://cdn.dearsouthafrica.co.za/wp-content/uploads/2020/01/20191202/Fiscal-powers-act.png)
The draft Bill seeks to amend the Municipal Fiscal Powers and Functions Act, 2007 by, among others
– (a) inserting certain definitions;
(b) regulating the power of municipalities to levy development charges;
(c) setting out the permissible uses of income from development charges;
(d) providing for the basis of calculation of development charges;
(e) providing for municipal development charges policies, community participation and by-laws;
(f) providing for matters relating to the budgeting of and accounting for development charges;
(g) providing for transitional provisions relating to development charges; and
(h) empowering the Minister to make regulations for the effective implementation of matters relating to development charges
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