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{
"id": 1174513,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1174513/?format=api",
"text_counter": 121,
"type": "speech",
"speaker_name": "The Deputy Speaker",
"speaker_title": "",
"speaker": null,
"content": "Further, Article 213(1) of the Constitution of Kenya states as follows- “An Act of Parliament shall prescribe terms and conditions under which the National Government may guarantee loans.” Hon. Senators, Section 58(1) of the Public Finance Management (PFM) Act gives power to the Cabinet Secretary (CS) responsible for finance to guarantee a loan of a county government or any other borrower on behalf of the national Government and further, that such a loan shall be approved by Parliament."
}