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{
    "id": 14255,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/14255/?format=api",
    "text_counter": 229,
    "type": "speech",
    "speaker_name": "Mr. Mudavadi",
    "speaker_title": "",
    "speaker": {
        "id": 84,
        "legal_name": "Wycliffe Musalia Mudavadi",
        "slug": "musalia-mudavadi"
    },
    "content": "Mr. Speaker, Sir, the point I am trying to put across is that through LATF which we are giving, we urge the council to mitigate on their debts. In certain instances, indeed, we have said that there could also be debt swap arrangements, particularly when it comes to the statutory institutions, for example, the Local Authorities Pension Trust (LAPTRUST) or Local Authorities Provident Fund (LAPFUND) or, indeed, an organization like the National Housing Corporation (NHC), where there are debts of that nature owed to public institutions. We have allowed that there can be a debt swap, so that the council can value an asset and then give it to one of these institutions in lieu of cash if they do not have the cash."
}