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{
    "id": 1231410,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1231410/?format=api",
    "text_counter": 264,
    "type": "speech",
    "speaker_name": "Sen. Cheruiyot",
    "speaker_title": "The Senate Majority Leader",
    "speaker": {
        "id": 13165,
        "legal_name": "Aaron Kipkirui Cheruiyot",
        "slug": "aaron-cheruiyot"
    },
    "content": "You could go to the financial markets and raise even Kshs200 billion. That would be a sufficient amount to be the seed funding that would set up what would be referred to as Devolution Fund. At the end of each month, counties would draw from that particular Fund. If it is July, the counties would know what their share is for that particular quarter and draw from it. As counties draw from the Fund, the National Treasury is obligated and given space. I have been following what happens in our county governments. Those who have worked in the counties will understand what I am saying. At the end of every June, you will hear County Executive Committee Members (CECMs) and Chief Officers (COs) for Finance tell you that they have been flooded with billions of shillings and told to spend the money within 10 days before the system closes. That has been the basis upon which funds have been misappropriated by many of our county governments."
}