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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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Structure Detected
Chapters 0
Parts 11
Articles 4
Sections 219
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Knowledge Unit #371
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 56 · Subsection 3
26 words
(3) The Cabinet Secretary may enter into a derivative transaction on such terms and conditions, within the scope prescribed by the regulations approved by the National Assembly.
Knowledge Unit #372
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 56 · Subsection 4
48 words
(4) Money required to be paid by the national government under a derivative transaction entered into under this section shall be a charge— (a) on the Consolidated Fund; or (b) on some other public fund established for the purpose of making such payments, if the Cabinet Secretary determines so.
Knowledge Unit #373
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 56 · Subsection 5
44 words
(5) Any expense incurred in connection with a derivative transaction entered into by the national government or by the Cabinet Secretary on behalf of the national government shall be a charge on the Consolidated Fund and no further appropriation than this section shall be required.
Knowledge Unit #374
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 56 · Subsection 6
14 words
(6) Derivative transactions entered into in terms of this section shall be published and publicised.
Knowledge Unit #375
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 57 · Subsection 1
36 words
57. Power of national government to lend money (1) The national government is authorised to lend money but only in accordance with terms and conditions prescribed by the regulations approved by Parliament. 47 No. 18 of 2012 Public Finance Management [Rev. 2020]
Knowledge Unit #376
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 57 · Subsection 2
28 words
(2) A national government entity may lend money only if authorised to do so by an Act of Parliament and in accordance with terms and conditions prescribed in regulations.
Knowledge Unit #377
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 57 · Subsection 3
58 words
(3) The Cabinet Secretary may, in relation to any money sent by the national government under this section— (a) accept money payable under the loan in any currency considered appropriate by the Cabinet Secretary in consultation with the Central Bank of Kenya; and (b) agree at any time to revise upwards any security given in respect of that loan.
Knowledge Unit #378
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 57 · Subsection 4
33 words
(4) Money loaned under this section is payable only— (a) from an appropriation for development expenditure; or (b) from some other authority approved by Parliament for the purpose for which the loan is made.
Knowledge Unit #379
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 57 · Subsection 5
26 words
(5) The Cabinet Secretary shall ensure that a security given in respect of a loan under this section is given in the name of the national government.
Knowledge Unit #380
Page - · Part III – NATIONAL GOVERNMENT RESPONSIBILITIES WITH · Article 216(4) of the Constitution; · Section 57 · Subsection 6
37 words
(6) The Cabinet Secretary may, on behalf of the national government, carry out any of the responsibilities and exercise any of the powers of the national government with respect to securing a loan granted by the national government.