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{
    "id": 435469,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/435469/?format=api",
    "text_counter": 257,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Hon. Temporary Deputy Chairman, I beg to move: - THAT, Clause 3 of the Bill be amended in the proposed new subsection (7)- (b) by deleting the words “expenses associated” and substituting therefor the words “pre-negotiated expenses initiated solely and exhaustively”. The Committee viewed this particular provision as an open-ended kind of expenses. We wanted to lock it up; we settled on the view that the expenses have to be pre-negotiated for that purpose only – not on any other expense that can be netted from the proceeds of the loan. Some Members asked: “Suppose we get a loan of Kshs100 billion and use 30 per cent of it as expenses?” It would be very funny."
}