Amos Kimunya

All parliamentary appearances

Entries 4641 to 4650 of 6175.

• 25 Aug 2011 in National Assembly: Mr. Speaker, Sir, I beg to move the following Procedural Motion:- THAT, this House orders that the referral period of the Commission on Revenue Allocation Bill (Bill No. 42 of 2011), the National Government Loans Guarantee Bill (Bill No. 43 of 2011) and the Contingencies Fund and County Emergency Funds Bill (Bill No.44 of 2011) to the relevant Departmental Committees in accordance with Standing Order 111 be waived. These three Bills were read the First Time this morning and I wish to thank the House for having reduced the publication period. They can only get into the Second Reading once ... view
• 25 Aug 2011 in National Assembly: Mr. Speaker, Sir, I rise to second this very important Bill, arising out of the need to have proper shares of revenue between the national and county governments. We have had opportunity to look at this Bill in depth at Committees and in Cabinet. It has been subjected to a lot of participatory interactions with the various stakeholders. As hon. Members would be aware, the Commission on Revenue Allocation was the very first one to have been appointed and passed by this House. So, this Bill is really ratifying and giving effect to what this House did in terms of ... view
• 25 Aug 2011 in National Assembly: Mr. Speaker, Sir, the matter is straightforward and I really do not want to take a lot of valuable time for this House because, like we said, in our wisdom, the House already appointed this. There was no Senate to do it and so, we took on the job of appointing both what the Senate would have appointed and what we, the National Assembly, were to do. We have been vindicated by the way the Commission has been performing and we wish them well as they continue. Against that background, I do not want to belabor a point that is ... view
• 25 Aug 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I rise to support this Bill which, as hon. Members will be aware, again, is one of the Bills that are required by Article 213 of the Constitution. The Bill should be passed within the first one year. It will basically provide and present the terms and conditions under which the national Government may guarantee loans. view
• 25 Aug 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the first thing to be emphasized is how the national Government may guarantee loans. Without attempting to even respond to any of the Members, because the Minister will be responding, for clarity, I think it is important to appreciate the fact that we are not talking about how the Government or counties will borrow. Who can borrow and who cannot and who can be lent and who cannot is covered in a different legislation. We are talking about how, when that entity wants to borrow, the national Government will be called upon to guarantee that ... view
• 25 Aug 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, I am not sure what was out of order, but I wanted to give the hon. Member a very basic example. view
• 25 Aug 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, just to remove the confusion from the hon. Member and any other Member who might be trapped into that situation, I want to give a very basic example. When hon. Members of this House intend to borrow a loan from the Bunge SACCO, they need two or three people to guarantee that loan. It only becomes a contingent liability on the guarantor if the person who borrowed fails to pay but it does not become a loan. view
• 25 Aug 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, let us not argue on this matter. I think I have been in the field longer than Mr. Mbadi and I will give him a tutorial after this for free. view
• 25 Aug 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, in fact, that is what I said. A guarantee is a contingent liability and not a borrowing. So, should the person default, it then becomes a debt. I will give the hon. Member that lesson later on. view
• 25 Aug 2011 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the point I wanted to make here is that even as we talk about what the national Government can borrow, because there is confusion in this matter, and we might confuse people who are listening to us in the counties that the national Government will only be borrowing some things for certain areas, every county government has the capacity to borrow and nobody is stopping that. This law is about: Should a county government or parastatal or one of the Government agencies want to borrow, under what mechanisms would the Government then come to Parliament ... view