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{
    "id": 1174512,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1174512/?format=api",
    "text_counter": 120,
    "type": "speech",
    "speaker_name": "The Deputy Speaker",
    "speaker_title": "",
    "speaker": null,
    "content": "(Sen. (Prof.) Kamar): Hon. Senators, I have another Communication to make on a request by the Cabinet Secretary, National Treasury and Planning seeking the approval of the Senate on the national Government guarantee for Laikipia County Government to borrow Kshs1,160,000,000 through the issuance of a domestic infrastructure bond. Hon. Senators, the Senate Majority Leader has just tabled Papers. Among them is a request by the Cabinet Secretary (CS) National Treasury and Planning seeking the approval of the Senate on the national Government guarantee for Laikipia County Government to borrow Kshs1,160,000,000 through issuance of a domestic infrastructure bond. This request was conveyed to the Senate vide a letter referenced DMD4/259 dated 2nd June, 2022, to the Clerk of the Senate. Hon. Senators, Article 212 of the Constitution of Kenya states as follows- “A county government may borrow only- (a) if the National Government guarantees the loan; and (b) with the approval of the county government’s assembly.”"
}