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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 #351
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section is reproduced on the security. · Subsection 3
35 words
(3) Any external loans or external government securities issued by the Cabinet Secretary under this section shall be within the borrowing limits set by Parliament under section 50(2) of this Act. 45 No. 18 of 2012 Public Finance Management [Rev. 2020]
Knowledge Unit #352
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section is reproduced on the security. · Subsection 4
24 words
(4) The authority of the Cabinet Secretary to borrow money includes the authority to borrow money by raising external loans or issuing external government securities.
Knowledge Unit #353
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section is reproduced on the security. · Subsection 5
27 words
(5) The Cabinet Secretary shall ensure that every external loan or external government security issued under this section is given in the name of the Republic of Kenya.
Knowledge Unit #354
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section is reproduced on the security. · Subsection 6
45 words
(6) An external loan or external 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, in writing; or (c) a borrowing agent appointed in accordance with section 50(9) of this Act.
Knowledge Unit #355
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section is reproduced on the security. · Subsection 7
26 words
(7) For the purposes of subsection (6), it shall be sufficient if the signature of a person who is required to execute an external government security under this
Knowledge Unit #356
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section is reproduced on the security. · Subsection 8
30 words
section is reproduced on the security. (8) External government securities shall be registered and may be recorded and traded in accordance with the terms and conditions of the external government security.
Knowledge Unit #357
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section is reproduced on the security. · Subsection 9
57 words
(9) Claims against the borrower or issuer by holders of external loans or external government securities for payment shall be prescribed and become void if the claims are not made within six (6) years from the redemption date in the case of principal and five years from the due date in the case of interest or any other amount.
Knowledge Unit #358
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section is reproduced on the security. · Subsection 10
44 words
(10) In the case of external government securities, a duplicate external government security may be issued in accordance with the terms and conditions applicable to the external government security to replace an external government security that is lost, damaged or destroyed. [Act No. 6 of 2014, s. 7.]
Knowledge Unit #359
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 54 · Subsection 10
22 words
54. Exemption from stamp duty Duty is not chargeable under the Stamp Duty Act (Cap. 480) for the issue of a national government security.
Knowledge Unit #360
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 55 · Subsection 1
34 words
55. Establishment of the office of Registrar of national government securities (1) There is established an office of the Registrar of the National Government Securities which shall be an office under the Public Debt Management Office.