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{
    "id": 1375371,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1375371/?format=api",
    "text_counter": 239,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon Kimani Ichung’wah",
    "speaker": null,
    "content": " Hon. Speaker, this matter was, indeed, canvassed and you made a very reasoned ruling and directed that if anybody desires to amend the memorandum or my storyline of what the Bill is all about, they are at liberty to do so when it comes to the Third Reading. Hon. Speaker, in conclusion, Hon. Eng. Mwengi spoke about Clause 38 on voluntary savings to an extent he confused this with voluntary contributions into the Fund. The voluntary savings referred to in Clause 38 refer to savings towards contributing a deposit. The Chairperson of the Departmental Committee on Finance and National Planning has ably spoken on the provision of a 10 per cent deposit. I remember when the units in Bondeni, Nakuru County, were advertised, Kenyans raised that particular question on how many people can afford Ksh100,000. The Chairperson has indicated that in their report, they have proposed an amendment to remove the provision of 10 per cent deposit during the Third Reading. When one is renting a house, you are required to raise one month rent and two months deposit; that is pay an equivalent of three months’ rent. Probably, this is something to be considered by the people selling these houses under the Fund, with the removal of the 10 per cent deposit. Hon. Speaker, with those remarks, let me conclude by saying that this Bill is not just about a levy or houses. As I submitted when moving, this Bill is about provision of jobs for The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor"
}