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"content": "other loans and grants, Ksh6.2 billion will not be transferred to County Governments in the financial year 2017/18 but will instead be managed by the National Government because they are tied to financing agreements which entered into prior to the establishment of the county governments. Such funds are tied to on-going contracts with suppliers while the related financing agreements also specify the funds flow modalities which may not be consistent with what is contemplated under the intergovernmental arrangement. It is therefore expected that the loans and grants under the existing financing agreement will be included in the budget of the National Government, and managed by National Government with involvement of County Governments in Project Steering Committees and Project Implementation Units for each programme/project. In addition, reporting arrangements as well as the conditions attached to the implementation of the programme/project will be clearly spelt out in Project Implementation Frameworks to be agreed with County Governments prior to the release of the funds and implementation of the projects.”"
}