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Finance · Mombasa County Assembly

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Knowledge Units 934 Structured sections prepared
Words Analysed 48,689 Approximate content size
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Chapters 0
Parts 11
Articles 4
Sections 219
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Knowledge Unit #331
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 52 · Subsection 1
34 words
52. Persons authorized to execute loan documents at national government (1) The Cabinet Secretary or any person designated by the Cabinet Secretary in writing is authorised to execute loan documents for borrowing by the national government.
Knowledge Unit #332
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 52 · Subsection 2
47 words
(2) Despite the provisions of subsection (1), the following persons are authorised to execute loan documents for borrowing by a National government entity— (a) the accounting officer responsible for the entity; or (b) any other specified officer authorised by legislation to execute such documents on behalf of the entity.
Knowledge Unit #333
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 53 · Subsection 1
34 words
53. Issuance of securities by national government (1) The national government may issue national government securities, whether for money that it has borrowed or for any other purpose, only in circumstances expressly authorised by this Act.
Knowledge Unit #334
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 53 · Subsection 2
37 words
(2) The Cabinet Secretary may issue national government securities on behalf of the national government for money borrowed by the national government in accordance with criteria prescribed by regulations approved by Parliament for the purpose of this subsection.
Knowledge Unit #335
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 53 · Subsection 3
26 words
(3) Any national government securities issued by the Cabinet Secretary under this section shall be within the borrowing limits set out by the National Assembly under section 50(2).
Knowledge Unit #336
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 53 · Subsection 4
20 words
(4) The authority of the Cabinet Secretary to borrow money includes the authority to borrow money by issuing national government securities.
Knowledge Unit #337
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 53 · Subsection 5
17 words
(5) National government securities may be issued in one or more series and in accordance with prescribed regulations.
Knowledge Unit #338
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 53 · Subsection 6
44 words
(6) An agreement to obtain a loan by the national government or a national government entity may be amended from time to time and where the amendment results in further indebtedness or prejudice to the entity that borrowed, the amendment shall be approved by Parliament.
Knowledge Unit #339
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 53 · Subsection 7
30 words
(7) The Cabinet Secretary shall ensure that every national government security issued under this section is given in the name of the Republic of Kenya. 44 [Rev. 2020] Public Finance Management No. 18 of 2012
Knowledge Unit #340
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 53 · Subsection 8
39 words
(8) A national government security may be executed on behalf of the national government only by— (a) the Cabinet Secretary; (b) a delegate appointed by the Cabinet Secretary; or (c) a borrowing agent appointed for the purposes of this Act.