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{
    "id": 605209,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/605209/?format=api",
    "text_counter": 288,
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    "content": "“Authority” means the Benefit Sharing Authority established under section 5; “Cabinet Secretary” means the cabinet secretary for the time being responsible for matters relating to natural resources. Through the deliberations and public participation and from the debate in the Senate, we realised that the docket of the director had not been clearly stipulated and, therefore, this amendment comes to make it very clear that this should be the Cabinet Secretary for the time being responsible for matters relating to natural resources so that even if there are changes in terms of the Ministries and their naming, the right Ministry is aligned to issues of natural resources and in the execution of this Bill. Mr. Temporary Chairperson, Sir, I beg to move:- THAT Clause 2 of the Bill be amended by inserting the following new definitions in proper alphabetical sequence – “futures fund” means monies set aside from the sovereign wealth fund for future generations; “natural resources fund” means monies set aside from the sovereign wealth fund for social and economic development and rehabilitation of depleted natural resources. Mr. Temporary Speaker, Sir, further the Committee recommended that that the Bill be amended by:- By inserting the following new definitions in their proper alphabetical sequence, “Authority” means the Benefit Sharing Authority established under Section 5 and secondly, “Cabinet Secretary” means the Cabinet Secretary for the time being responsible for matters relating to natural resources."
}