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{
    "id": 768400,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/768400/?format=api",
    "text_counter": 292,
    "type": "speech",
    "speaker_name": "Hon. Murugara",
    "speaker_title": "",
    "speaker": {
        "id": 13491,
        "legal_name": "George Gitonga Murugara",
        "slug": "george-gitonga-murugara"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker. I rise to second this Bill which essentially is a Bill to amend the Public Trustee Act Cap. 168 of the Laws of Kenya. The Act deals with trusts. Where there is no personal representative to act for a person, we have to find an officer of the Government to represent that person and that person of the Government is in the name of a corporate body known as the Public Trustee. I remember during my days in the university law school we used to hate trusts. We learnt about the Public Trustee. I never thought I would ever find it anywhere in life and, therefore, we never paid much attention. It is important for Members of Parliament to understand what this law is all about because it tries to solve one of the problems you will face in your constituency. The first thing you are going to face is somebody telling you to take him to the Public Trustee and if you do not know who the Public Trustee is, you may actually not help that person. Therefore, it is important to know that there is such an office which acts for Kenyans who have assets in the public or private sector but they do not have any persons to represent them when they pass away. The Leader of the Majority Party has explained the sections that are to be amended. It is important to lay emphasis on the fact that there is going to be an investment body for the monies that are collected by the Public Trustee. That way, the fear of the money getting lost is allayed. However, there are many instances when the Office of the Public Trustee has money that is not claimed. This is why the Act makes it very specific that the provisions of the Unclaimed Financial Assets Act do not apply here because that law governs what is in banks and financial institutions. In this particular instance, what happens to money that is in the coffers of the Public Trustee and that money is actually not claimed. It will be invested for a given period of time. After that, the money goes back to the Consolidated Fund and it is appropriated. The Government appropriates the money, and that money will possibly be part of the NG-CDF that we are going to get. It is also very important to note that the qualification of persons to sit in that investment board is really professional qualification. It is not going to be people who cannot handle trustee money. It is people who are supposed to be taking care of public money like any other public The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}