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{
    "id": 791521,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/791521/?format=api",
    "text_counter": 751,
    "type": "speech",
    "speaker_name": "Hon. Gikaria",
    "speaker_title": "",
    "speaker": {
        "id": 2489,
        "legal_name": "David Gikaria",
        "slug": "david-gikaria"
    },
    "content": "Hon. Chairman, I beg to move: THAT, Clause 20 of the Bill be amended— (a) in sub-clause (1) — (i) by inserting the following new paragraphs immediately after paragraph (c) — (ca) any revenues generated from any proprietary interest held by the Authority whether movable or immovable; (cb) interest from bank deposits; (ii) by deleting the words “as fines” appearing in the proviso and substituting therefor the words “including levies, fines”. (b) by inserting the following new sub-clauses immediately after sub-clause (1) — (1A) any funds retained by the Authority shall make part of the funds of the Authority by way of appropriation. (1B) The Cabinet Secretary responsible for matters relating to petroleum may make Regulations to provide for a levy prescribing— (a) the amount in Kenya Shillings payable per cubic meter of crude oil; (b) the amount of Kenya Shillings payable per one thousand cubic meter of marketable natural gas; (c) when the relevant levy may be applied; and (d) any other requirements for implementation of the levy. (c) by deleting the word “Commission” wherever it appears and substituting therefor the word “Authority”. There are three justifications: There are funds which belong to the upstream Petroleum Regulatory Authority which is now going to the Energy and Petroleum; to bring some clarity to that clause; and, finally, for the same reason that it is also the single regulator. Thank you."
}