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{
    "id": 1126129,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1126129/?format=api",
    "text_counter": 348,
    "type": "speech",
    "speaker_name": "Narok North, ODM",
    "speaker_title": "Hon. Richard ole Kenta",
    "speaker": {
        "id": 420,
        "legal_name": "Richard Moitalel ole Kenta",
        "slug": "richard-moitalel-ole-kenta"
    },
    "content": "The good thing about this Bill is that it sets out a way of ensuring that the Act does not come to an abrupt end which will cause loss to the beneficiaries. In fact, Clause 4 is very clear, that there are transitional provisions where the Cabinet Secretary (CS), before winding up these Funds shall ascertain the status of claims against the Fund. Also, ensure that any outstanding claims are settled within one year of coming into operation of this Act. This means that if there are claims on the Fund, then the beneficiaries will not lose. The same applies if the Fund itself has a claim against any person, then it must get that claim before it is wound up. This will ensure nobody takes what belongs to the Fund. Another good thing about this Bill is that it extends the term of the office holders of the Fund. This gives them power to continue until all the issues set out above are determined. The CS is given ample time of one year of coming into operation of the Act to determine claims that may arise against both the Fund and beneficiaries. This is very important in the sense that whichever comes later, the Fund will pay the proceeds there from into the Consolidated Fund. This is a very safe Fund to transfer whatever is there by the time this Fund ceases to exist. It also states out clearly that the CS shall, within one year of the coming into operation of the Act or upon the determination of the matters under paragraphs (a) and (b), whichever comes first, report to Parliament in accordance to Section 24(9) of the Public Finance Management Act, 2012 on the winding up of the Fund and any other relevant matter. So, by reporting back to Parliament, this will ensure accountability, transparency and that everything is done according to law, for the benefit of all those involved. So, I support. Thank you."
}