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{
    "id": 867072,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/867072/?format=api",
    "text_counter": 239,
    "type": "speech",
    "speaker_name": "Mbooni, Independent",
    "speaker_title": "Hon Erastus Nzioka",
    "speaker": {
        "id": 13433,
        "legal_name": "Erastus Kivasu Nzioka",
        "slug": "erastus-kivasu-nzioka-2"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker. The Special Funds are: - (ii) the Political Parties Fund; (iii) the Judiciary Fund; (iv) the National Government Constituencies Development Fund (NG-CDF); and, (v) such other Funds established by law as the Speaker may direct. Examination of audited accounts of the Kenya Roads Board Fund (KRBF) is amongst the mandates of the Committee as provided under the National Assembly Standing Order No.205A. This is in line with Article 95(4)(c) of the Constitution of Kenya, 2010, which stipulates oversight over national revenues and their expenditure as amongst the roles of the National Assembly. Further, Article 229(8) of the Constitution of Kenya, 2010 provides that within three months after receiving an audit report, Parliament shall consider the report and take appropriate action. Hon. Temporary Deputy Speaker, the Report of the Auditor-General on the Financial Statements of KRBF for the year ended June, 2017 was tabled in the House on 20th April, 2018 and was referred the SFAC for examination to ascertain whether public funds were utilised in a lawful, authorised, efficient and effective manner for the benefit of Kenyans. The KRBF is established under Section 31 of the Kenya Roads Board Act, 1999 to receive all proceeds from the Road Maintenance Levy Fund and other sources and allocate the monies to various road agencies and county governments, based on the criterion set by the Kenya Roads Board (KRB). The Fund is administered by the KRB, which is a statutory body established by the Kenya Roads Board Act No.7 of 1999, in accordance with Chapter 446 of the State Corporations Act. The Board manages the Road Maintenance Levy Fund, which has grown from Kshs7 billion in Financial Year 2002/2003 to Kshs63 billion in Financial Year 2017/2018 and is projected to grow to Kshs68 billion in Financial Year 2018/2019. The current levy to the Fund is Kshs18 per litre of diesel or petrol, with an annual yield of Kshs63 billion, which includes a sum of Kshs10 billion from the Road Annuity Fund (RAF). The RAF was created under the Public Finance Management Regulations, 2015 and is administered by the Principal Secretary, State Department for Infrastructure."
}