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{
    "id": 1490255,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1490255/?format=api",
    "text_counter": 68,
    "type": "speech",
    "speaker_name": "Sen. Ogola",
    "speaker_title": "",
    "speaker": null,
    "content": "I rise, pursuant to Standing Order No.53(1) to seek a Statement from the Standing Committee on Finance and Budget regarding the opening and operations of bank accounts by the County Executive of Trans Nzoia County. In the Statement, the Committee should- (1) Provide a list of all bank accounts operated by the County Executive of Trans Nzoia County, stating the purpose of each bank account, the respective opening and closing balances for the FY2023/2024, opening balance for the FY2024/2025, as well as balance as at 1st October, 2024. (2) Report on whether due process was followed in the opening of the bank accounts, providing evidence that all necessary authorizations required under the Public Finance Management Act and other relevant legislations were granted. (3) Provide a list of all projects funded from these bank accounts, indicating the status of completion for each project. (4) Disclose details of all short-term bank loans and overdrafts taken by the County Executive in the 2023/2024 and 2024/2025 financial years, providing justification for each bank facility and stating the applicable annual and monthly interest rates, as well as, the total interest cost. (5) Indicate whether the County Executive sought and was granted approvals by the County Assembly of Trans Nzoia to take the short-term bank loans and overdrafts. If not, provide reasons for the same."
}