6. Receivers of revenue A person holding office as a receiver of revenue continues in office until the Cabinet Secretary designates otherwise.

7. Contingencies Fund (1) On the commencement of this Act— (a) the Civil Contingencies Fund in operation under the Civil Contingencies Fund Act (Cap. 425) is abolished; and (b) any money held in that Fund is payable into the Contingencies Fund established by Article 208 of the Constitution.

(2) Any reference to the Civil Contingencies Fund in a written law is to be read as a reference to the Contingencies Fund established by Article 208 of the Constitution.

8. Guarantee limit Despite the repeal of the National Government Guarantee (Loans) Act, 2011 (No. 18 of 2011) by this Act, the limit of contingent liability established by resolution of the National Assembly on the 16th June 2011 under that Act continues in effect, until such time as the National Assembly sets a financial limit under section 51 of this Act.

9. Existing public funds Any public fund that was established before the coming into operation of this Act and was in existence immediately before the coming into operation of this Act is continued as a public fund under this Act.

10. Existing regulations Any regulations, directions or instructions that were made or issued under legislation that is repealed by this Act and that were in force immediately before the coming into operation of this Act shall, so far as not inconsistent with this Act, remain in force until regulations or instructions under this Act come into force.

11. Power to make savings and transitional regulations (1) The regulations may contain provisions of a savings or transitional nature, not inconsistent with this Schedule, consequent on the enactment of this Act.

(2) Any such provision may, if the regulations so provide, take effect from the dale of assent to the Act concerned or a later date.

(3) To the extent to which any such provision takes effect from a date that is earlier than the date of its publication in the Gazette, the provision does not operate so as— (a) to affect, in a manner prejudicial to any person (other than the national government or any of its entities or a county government or any of its entities), the rights of that person existing before the date of its publication; or 122 [Rev. 2020] Public Finance Management No. 18 of 2012 (b) to impose liabilities on any person (other than the national government or any of its entities or a county government or any of its entities) in respect of anything done or omitted to be done before the date of that publication.

12. Timeline for implementation of program budget The implementation of programme budgets shall commence in 2013/14 financial year for the national government and in the 2014/15 financial year for the county governments constituted under Chapter eleven of the Constitution.