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{
    "id": 271985,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/271985/?format=api",
    "text_counter": 620,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "The Minister for Nairobi Metropolitan Development",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "discussed by the general public. It will be discussed by everybody and it will not be like a secret weapon. Clauses 147 to 156 provide for the responsibilities and accountability of Accounting Officers in county governments in accordance with Article 126 (1) of the Constitution. Clauses 169 to 181 contain financial management provisions relating to urban areas and cities. These clauses provide for the dissolution and responsibilities of the Accounting Officers, the financing of urban areas and cities, the criteria of allocating funds to urban areas or cities, the budget process and procedures for borrowing. Finally, clauses 182 to 186 provide for additional requirements for county corporations and Government linked corporations including the procedures for establishment and dissolution, monitoring of their financial performance and decision of county government investing in county government linked corporations and annual reporting by each county treasurer on county corporations. Lastly, part V of the Bill contains the inter-governmental fiscal relations provisions of the Bill. These include the provisions on the establishment, purpose and compensation of the inter-government budget and economic council and the process of sharing revenue in accordance with Articles 2002, 2003, 216 and 217 of the Constitution. Part VI contains the establishment of Accounting Standard Board and sets out the membership of the Board and the nomination process to the Board. This is a very important body that will be setting standards in the accounting profession. Part VII contains clauses 186 to 204 of the Bill and it defines the general offences, financial misconduct and other offences under this Act stating their respective penalties. These offences apply to public officers both of the National and county governments and also provides for institutional sanctions in certain circumstances. The Act also places a duty on the Principal Secretary or county officer to report suspected offences under this Act. Lastly, part 8 contains the miscellaneous provisions of the Bill, including the power of the Cabinet Secretary to make regulations, provisions on public participation, requisite to the amendments of this Act and the protection of public officers from liability provided they act in good faith. Clauses 208 of this part also specify the existing Acts that will be repealed. These basically are; the Fiscal Management Act, the Government Financial Management Act, the Internal Loans Act, the Contingencies Fund, the County Emergency Funds and the National Government Loan Guarantee Act. Lastly, we have the Schedule which sets out the consequential amendments to the interpretation and general provisions of the Act, the Treasury Incorporation Act and the Urban Areas and Cities Act of 2011. Mr. Temporary Deputy Speaker, Sir, the Second Schedule provides for savings and transitional clauses that shall come into effect upon enactment of the Bill. Finally, the Public Financial Management Bill is firmly anchored in Article 201 of the Constitution and gives effect to the principles of public finance as enshrined in the Constitution. I will not repeat this because I have already done so. Lastly, I wish to say as follows; I do not know where this perception that the Treasury is against devolution came from. I want to repeat here in as loud a voice as I can, that the Treasury supports devolution. It will encourage the county governments. It"
}