{"id":951941,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/951941/?format=json","text_counter":257,"type":"speech","speaker_name":"Gatundu South, JP","speaker_title":"Hon. Moses Kuria","speaker":{"id":13160,"legal_name":"Moses Kuria","slug":"moses-kuria"},"content":" Hon. Temporary Deputy Chairlady, I beg to move: THAT, the Bill be amended by inserting the following new clause immediately after clause 8- Amendment of Section 22Cof Cap. 470 8A. Section 22C of the Income Tax Act is amended- (a) by deleting subsection (4) and substituting therefor the following new subsection- “(4) Deposits in a registered home ownership savings plan shall be invested in accordance with prudential guidelines issued by the Central Bank or investment guidelines or regulations issued by the Capital Markets Authority”; (b) in subsection (8), by deleting the definition of “approved institution” and substituting therefor the following new definition- The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."}