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{
    "id": 941249,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/941249/?format=api",
    "text_counter": 165,
    "type": "speech",
    "speaker_name": "Sen. Murkomen",
    "speaker_title": "The Senate Majority leader",
    "speaker": {
        "id": 440,
        "legal_name": "Onesimus Kipchumba Murkomen",
        "slug": "kipchumba-murkomen"
    },
    "content": "It is important to explain this position because as we all know, the counties by law cannot borrow unless it is guaranteed by the national Government. This House has had the opportunity to work on various legislations to facilitate a process that enables county governments to borrow with the guarantee of the national Government. In the taskforce on Devolved Government then as a member, one of the things we proposed and we borrowed from Australia was the formation of Loans and Grants Council. In our thinking at that time, it was supposed to be an equivalent of an independent commission whose responsibility was to check and keep a register of the loans and grants. It was also supposed to ensure that the loans and grants that come to our country are distributed equitably among the 47 counties and distributed fairly between the two levels of Government."
}