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{
    "id": 1279229,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1279229/?format=api",
    "text_counter": 286,
    "type": "speech",
    "speaker_name": "Ms. Peninah Malonza",
    "speaker_title": "The Cabinet Secretary for Tourism, Wildlife and Heritage",
    "speaker": null,
    "content": "Hon. Speaker, the functions of the oversight Board are: 1. To advise the Cabinet Secretary for the National Treasury and Economic Planning on the funding requirements of the Fund; 2. To review and adopt the estimates of annual revenue and expenditure of the Fund and recommend them to the Cabinet Secretary for the time being responsible for matters relating to tourism for concurrence and onward transmission to the Cabinet Secretary for the National Treasury and Economic Planning for approval; 3. To determine the allocation of financial resources from the Fund required by the tourism implementing agencies for the development, promotion and branding of tourism sector in Kenya; 4. To ensure that the annual estimates of revenue and expenditure for the Fund include retention funds for the preceding financial year which shall be reported; 5. To ensure that only projects included in the tourism implementing agency annual programme are promoted for funding under these regulations; 6. To advise the Cabinet Secretary for the National Treasury and Economic Planning on amounts and timing for the fund transfers into the Fund; 7. To approve and review the investment of surplus funds from the Fund; 8. To advise the Cabinet Secretary for the National Treasury and Economic Planning on any additional sources of funds for the Fund; 9. To approve the financial statements prepared by the Administrator of the Fund before submission to the Auditor-General; and 10. To approve the non-financial reports of the Fund before submitting them to the Cabinet Secretary responsible for tourism for onward transmission to the Cabinet Secretary for the National Treasury and Economic Planning. Thank you, Hon. Speaker."
}