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{
    "id": 66300,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/66300/?format=api",
    "text_counter": 11,
    "type": "speech",
    "speaker_name": "Mr. Ogindo",
    "speaker_title": "",
    "speaker": {
        "id": 120,
        "legal_name": "Martin Otieno Ogindo",
        "slug": "martin-ogindo"
    },
    "content": "Mr. Speaker, Sir, I beg to give notice of the following Motion:- THAT, in accordance with the provisions of Article 211(2) of the Constitution, this House resolves that the Deputy Prime Minister and Minister for Finance present to the Budget Committee of the House within seven days of this resolution information concerning the loans and debts owed by the Republic of Kenya as at 31st December, 2010 in respect of: 1. Loan to KenRen Chemicals and Fertilizers Company Limited. 2. External Commercial Debts on security-related projects as reflected in the 2008/2009 Annual Public Debt Report published by the Ministry of Finance. Further, the Deputy Prime Minister and Minister for Finance should include all information as enumerated in Article 211(2) necessary to show the following: (i) The extent of the total indebtedness by way of principal and accumulated interest. (ii) The use made or to be made of the proceeds of the loan. (iii)The provisions made for servicing or repayment of the loan. (iv) The progress made in the repayment of the loans. (v) Names of the creditors and their beneficial owners. (vi) Circumstances that led to the cancellation of the contracts on security-related payments in 2004/2005 while giving details of the party or parties that refunded Kshs1,050,702,075.25 (vii) Circumstances that led to the suspension of the payment of the External Commercial Debt on security-related projects. (viii) The concrete steps taken to recover payments made on security-related projects where no commensurate value has been received in return. (ix) Steps taken to pay of all contracts on security-related projects that have been validated. (x) Action taken against any culpable or negligent officer(s) in regard to acts of omission or commission with respect to part (vi) above."
}