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{
    "id": 508223,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/508223/?format=api",
    "text_counter": 330,
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    "content": "The management of the authority and the details of who is going to be in the BSA are given in Clause 17. However, because of time, I will not go into it. Clause 8 talks about the trustees of the office, ex officio members, the chairperson and members of the BSA. They will also be paid by the Salaries and Remuneration Commission (SRC). They will sit on a part time basis so that we avoid the whole idea of costs. Mr. Temporary Speaker, Sir, Clause 11 delves into the whole issues of the powers and functions of the BSA, how they can enter into contracts and open bank accounts. We have tried as much as possible to give clauses in this Bill that will enable this BSA to have the necessary power that will be critical for them to run and make this functional. I want to go to the section of collection of royalties and fees. In Clause 24, there is a provision that has been given that the BSA shall have the power to determine and review the amounts of royalties. This is a dynamic sector and we do not want the royalties that are paid now to remain as they are. We are talking about royalties, charges, fees et cetera . That is why instead of talking about royalties, we are talking about benefit sharing so that we do not just focus on the monetary aspect. We also focus on other diverse aspects. Mr. Temporary Speaker, Sir, allow me to quickly move to the proposal that we are making in terms of the revenue sharing. The revenue sharing proposal is that of the 100 per cent that will enter into the kitty. We are proposing the 20 per cent go into a sovereign wealth fund and 80 per cent be divided between the county and the community. Of that 80 per cent that will go to the county and the community, 60 per cent should go to the national Government and 40 per cent should go to the county. Of the 40 per cent that goes to the county, 60 per cent goes to the county in totality, but 40 per cent goes to the ward. In the earlier stage of the Bill, we have identified the immediate community as a ward so that they feel that as a result of that exploitation, they gain directly. We have also given other provisions, for example, that have been raised by stakeholders where a natural resource bestrides two or three counties, then the BSA will be in charge to ensure that they are able to solve all the problems. This Bill creates a tier system in terms of management of natural resources starting with the BSA at the national level and then at the county level we have the County Benefits Sharing Committee. At the community level, we have the local community forum for benefit sharing. In each of those, we have tried as much as possible to get community members so that the dynamism of the problems that come as a result of the sharing of natural resources can be dealt with at the specific levels. Each of the issues that come up can be tackled in advance rather than being left to create a particular problem that might create a situation that might make it very difficult to manage these natural resources. Therefore, the idea of the fund is very critical. Clause 34 stipulates the fund, the running of the fund and how that fund will be specifically managed. Mr. Temporary Speaker, Sir, on the distribution framework, I will touch a bit on the Mining Bill that might be coming to the Senate which restricts itself to mining. We need to note that the natural resources benefit sharing is broader because it talks about all the natural resources. Proposals have been given in the Mining Bill that suggests the The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}