Knowledge Quality Report
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Finance · Mombasa County Assembly
Knowledge Processing Complete
NUKE has analysed this document and prepared it for structured search and AI retrieval.
Knowledge Units
934
Structured sections prepared
Words Analysed
48,689
Approximate content size
Pages
-
Detected or estimated
Status
Active
Document lifecycle
Active
Document lifecycle
Structure Detected
Chapters
0
Parts
11
Articles
4
Sections
219
Readiness
✓ Search Ready
✓ Citation Ready
✓ AI Retrieval Ready
Advanced: View Knowledge Units
Knowledge Unit #711
44 words
(13) Subject to this Act or any other legislation, secondary trading of county
government securities may be carried out only in such manner as may be
prescribed by regulations made for the purposes of this subsection and in
accordance with the provisions of this Act.
Knowledge Unit #712
24 words
(14) In this section, “secondary trading” means any activity leading to a
change in the ownership of a county government security before its redemption
date.
Knowledge Unit #713
22 words
(15) Nothing provided under this section shall prevent county government
securities to be issued and exist in electronic form as a debt entry.
Knowledge Unit #714
78 words
(16) If the proceeds of a county government security have not been collected
by, or cannot be paid to, the holder of the security because the whereabouts of
the holder or, if the holder has died, the whereabouts of the holder’s personal
representatives, are unknown, the County Executive Committee member for
finance shall arrange for the County Treasury to credit the amount of money due
to the holder to an interest free account for the holder’s benefit.
Knowledge Unit #715
63 words
(17) If, after six years from the redemption date of a county government security,
the proceeds of the security have not been collected by, or paid to, the holder or
the holder’s personal representatives, the County Executive Committee member
for finance shall return the uncollected amount to the County Exchequer Account
to form part of the County Revenue Fund in accordance with regulations.
Knowledge Unit #716
30 words
(18) The right of any person who has a legitimate claim to the proceeds of a
security is not affected by the payment of the proceeds into the County Revenue
Fund.
Knowledge Unit #717
19 words
(19) The County Executive Committee member for finance shall publish and
publicise annually all payments made in terms of subsection (17).
Knowledge Unit #718
18 words
(20) Duty is not chargeable under the Stamp Duty Act (Cap. 480) for the issue
of a county government security.
Knowledge Unit #719
22 words
145. County government authorised to lend money
(1) A county government entity may lend money in accordance with this Act
or any county legislation.
Knowledge Unit #720
67 words
(2) The County Executive Committee member for finance may, in relation to
any money lent by the county government under this section—
(a) accept, in consultation with the Central Bank of Kenya, all money
payable under the loan in any currency the County Executive
Committee member for finance considers appropriate; and
(b) agree at any time to the variation of any security given in respect of
the loan.