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"content": "I wish to report to the Senate that, pursuant to Standing Order No.41 (3), I have received the following Message from the Speaker of the National Assembly regarding the approval by the National Assembly of the Public Finance Management (Equalization Fund Administration) Regulations, 2021. Pursuant to the said Standing Order, I now report the Message- “PURSUANT to the provisions of Standing Orders No. 41 of the National Assembly Standing Orders, I hereby convey the following Message from the National Assembly – WHEREAS, the Cabinet Secretary for the National Treasury and Planning submitted the Public Finance Management (Equalization Fund Administration) Regulations, 2021, as published vide Kenya Gazette Supplement No. 69 of 29th April 2021 (Legal Notice No. 54 of 2021 whose objective is to provide guidance on the administration and management of the Equalization Fund whose operations were halted by a Court Order on 5th November 2019 following Petition No.292 of 2016; AND WHEREAS, the provisions of Section 205(5) of the Public Finance Management Act, 2012 require such regulations to be approved by both Houses of Parliament; FURTHER WHEREAS, the National Assembly considered and by a resolution passed on Wednesday, July 7, 2021 approved the Regulations in the form published by the Cabinet Secretary (CS);"
}