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{
    "id": 650031,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/650031/?format=api",
    "text_counter": 434,
    "type": "speech",
    "speaker_name": "Hon. Wakhungu",
    "speaker_title": "",
    "speaker": {
        "id": 1889,
        "legal_name": "Chrisantus Wamalwa Wakhungu",
        "slug": "chrisantus-wamalwa-wakhungu"
    },
    "content": "Thank you, Hon. Temporary Deputy Chairlady. It is true community land is vested in counties. My worry is that the Chair did not clarify in (1C), that such monies should be deposited in a special interest earning account. Without clarity, it can be abused. When talking about special interest earning account, is it current or fixed account? I was just trying to draw the attention of the Chair for purposes of clarity so that it is not abused. We have seen this happen especially when it comes to parastatals when they get money from the Exchequer and put it in a fixed account. Some have put it in a current account and this has led to corruption like what has happened in Chase Bank. We have a guideline from the National Treasury that such monies should be put in Treasury Bills or invested in Government Bonds. My worry is in terms of clarity pertaining to this. From experience, we have already seen the special interest earning account being abused. It will be better if we could get some clarity."
}