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{
    "id": 435360,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/435360/?format=api",
    "text_counter": 148,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "“53(9) Claims against the borrower or issuer by holders of external loans or external government securities for payment shall be prescribed and become void if the claims are not made within six years from the redemption date in the case of principal and five years from the due date in the case of interest on any other amount.” Hon. Speaker, this leaves room for any regime to make a decision that will affect another regime. If the claim only becomes void if claims are not made within six years from the redemption date or within five years from the due date, in the case of interest or any other amount, you can borrow and hand over the borrowing to another regime. Therefore, that one defeats the area of responsibility. Hon. Speaker, on the same Public Finance Management Act, as the Committee on Health, we intend to bring an amendment. It is challenging because we are saying this Bill does not concern county governments. Initially, we were thinking that when you go to the counties, what we call the FIF money is being collected and banked in the Consolidated Account and once it has been banked, the county government will divide the amount, not based on how much a facility collected, but on how much the county collected. So, now that our amendment is not affecting counties, as a Committee, we will have to rethink. With those few remarks, I stand to support this Bill. ( Technical hitch)"
}