(3) Money loaned under this section is payable only— (a) from an appropriation for development expenditures; or 93 No. 18 of 2012 Public Finance Management [Rev. 2020] (b) from some other authority approved by the county assembly for the purpose for which the loan is made.

(4) The County Executive Committee member for finance shall ensure that a security given in respect of a loan under this section is given in the name of the county government.

(5) The County Executive Committee member for finance may, on behalf of the county government, carry out any of the responsibilities, and exercise any of the powers, of the county government with respect to securing a loan granted by that county government.

146. County government joint infrastructure investment (1) Regulations approved by Parliament shall prescribe financial relations with respect to joint infrastructure investments undertaken by counties and any joint infrastructure investments undertaken by counties shall be done in terms of those regulations.

(2) The Intergovernmental Budget and Economic Council may agree on regulations with guidelines for county government joint infrastructure investments. Responsibilities of an accounting officer of a county assembly in management of public finances

147. Role of accounting officers in management of public finances (1) Subject to the Constitution, the accounting officer of a county assembly shall monitor, evaluate and oversee the management of their public finances, including — (a) promoting and enforcing transparency, effective management and accountability with regard to the use of their finances; (b) ensuring that accounting standards are applied; (c) implementing financial policies in relation to their finances; (d) ensuring proper management and control of, and accounting for, their finances in order to promote the efficient and effective use of budgetary resources; (e) preparing annual estimates of expenditures; (f) acting as custodian of the entity’s assets except as may be provided by other legislation or the Constitution; (g) monitoring the management of their finances and their financial performance; (h) reporting regularly to the county assembly on the implementation of their budget; and (i) take such other action, not inconsistent with the Constitution, as will further the implementation of this Act. Responsibilities of accounting officers of county governments and county government entities

148. Designation of accounting officers for county government entities by the County Executive Committee Member for finance

(1) A County Executive Committee member for finance shall, except as otherwise provided by law, in writing designate accounting officers to be 94 [Rev. 2020] Public Finance Management No. 18 of 2012 responsible for managing the finances of the county government entities as is specified in the designation.

(2) Except as otherwise stated in other legislation, the person responsible for the administration of a county government entity, shall be the accounting officer responsible for managing the finances of that entity.

(3) A County Executive Committee member for finance shall ensure that each county government entity has an accounting officer in accordance with Article 226 of the Constitution.