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{
    "id": 851770,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/851770/?format=api",
    "text_counter": 275,
    "type": "speech",
    "speaker_name": "Sen. Murkomen",
    "speaker_title": "The Senate Majority Leader",
    "speaker": {
        "id": 440,
        "legal_name": "Onesimus Kipchumba Murkomen",
        "slug": "kipchumba-murkomen"
    },
    "content": "cost of property in that area. We will deal with the Public Private Partnerships (Amendment) Bill (National Assembly Bills No.52 of 2017) and the role of county governments in PPPs tomorrow. This is another law which will require a few more amendments to also accommodate certain concerns of counties. Clause 6 (3) states- ―In addition to any other principle that may be employed in calculating the land value index, the declared value of the land for purposes of payment of rates, rents or stamp duty shall be taken into account.‖ This is another very interesting story. Initially, before the Standard Gauge Railway (SGR) was established – even a year before – you will find that the land rates and stamp duties of the acquired properties along the SGR area being paid by all the buyers and sellers around that area indicated the worth of that property. However, suddenly because of the development that was going to occur in that area, the value suddenly ballooned."
}