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{
    "id": 172206,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/172206/?format=api",
    "text_counter": 504,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Further, the amount being guaranteed is a loan to the National Cereals and Produce Board (NCPB) which is a State Corporation within the meaning of the State Corporations Act. Consequently, therefore, the provisions of the State Corporations Act, Cap.426, Laws of Kenya, the Public Audit Act, 2004, The Government Financial Management Act, 2004 and the Public Procurement and Disposal Act, 2005, apply with respect to the utilisation, management and accounting of the sums borrowed. From the foregoing, hon. Members, I wish to state that the Sessional Paper No.1 of 2009 laid before the House by the Acting Minister for Finance on 20th January, 2009, is properly before the House, as the amount being sought to be guaranteed falls within the contingent liability ceiling as resolved by this House on 8th July, 1993, pursuant to Section 3(B) of the Guarantee (Loans) Act. I, therefore, direct that the Acting Minister for Finance moves the Motion for adoption of Sessional Paper as listed under Order No.7"
}