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{
    "id": 712804,
    "url": "http://info.mzalendo.com/api/v0.1/hansard/entries/712804/?format=api",
    "text_counter": 249,
    "type": "other",
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    "content": "county governments which have been deposited in these banks, specifying the amount per county as at the time these banks went under. There are also a number of other issues relating to that. The national Treasury sent circulars to each county government to provide the information, but county governments have not obliged for reasons that they believe is in distinct dependence between the two levels. We have sought information from the Kenya Deposit Insurance Fund (KDIF). They have provided us with information that shows that the total amount of money belonging to county governments in Chase Bank amounts to Kshs836 million from a number of counties. There are no funds belonging to counties in Imperial or Dubai banks. The counties, include Machakos County Government which had a number of accounts in Chase Bank and the total is Kshs132 million. We also have Machakos County Assembly Housing Fund which amounts to almost Kshs70 million. So, Machakos County has over Kshs200 million in that Bank. Nyandarua County Assembly Mortgage and Car Loan Fund had Kshs200 million. Nyaribari Chache Sub-County Health who also had their account there had a small amount of Kshs317,374. Kilifi County Government had substantial amount of Kshs38.5 million and the Kilifi County Assembly had almost Kshs49 million. Kisii County Assembly had the highest amount of money in chase Bank; Kshs260 million for the Kisii County Assembly. Nairobi County Assembly Ward Development Fund of Kshs4.989 million. Lastly, the Uasin Gishu County Government had Kshs12.8 million. Kericho County Executive Staff Mortgage Fund had Kshs50 million. The last one is Trans-Nzoia County which had a bursary fund account with about Kshs6.67 million in that bank. Mr. Temporary Speaker, Sir, Chase Bank has since been opened and customers continue to make transactions. They may not withdraw all the money they want because there are certain limits still in force. However, let me inform the House that the procedure in law is that the Constitution allows the County Executive Member (CEC) Member for Finance to determine where a county government can open an account for collection of local revenue and imprest purposes. Many counties have ended up opening bank accounts in many commercial banks, but there is no specific authority that the Controller of Budget or the National Treasury has to limit the county governments from operating bank accounts. It is a matter that we are looking at so that we can bring amendments to the law to limit that. Mr. Temporary Speaker, Sir, most of the funds, for example, Kshs112 million for Machakos County Government, relates to money for mortgage and car loans. We may not get all the answers, but that is the response that I have in relation to this."
}