29 Apr 2014 in National Assembly:
Hon. Temporary Deputy Chairman, I am a little bothered. You saw me pacing back and forth to hon. Ngong’o. His amendment subjected external loans and guarantees to regulations passed by Parliament. That is not being discussed. In the face of that, I want to get clarification from you. As we debate 53(A), are external securities by the national Government and external loans covered by the principal Act, section 53?
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29 Apr 2014 in National Assembly:
Hon. Temporary Deputy Chairman, I am a little bothered. You saw me pacing back and forth to hon. Ngong’o. His amendment subjected external loans and guarantees to regulations passed by Parliament. That is not being discussed. In the face of that, I want to get clarification from you. As we debate 53(A), are external securities by the national Government and external loans covered by the principal Act, section 53?
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29 Apr 2014 in National Assembly:
Hon. Temporary Deputy Chairman, as we debate the new section 53(A), will section 53 of the principal Act govern external loans and securities by the national Government?
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29 Apr 2014 in National Assembly:
Hon. Temporary Deputy Chairman, as we debate the new section 53(A), will section 53 of the principal Act govern external loans and securities by the national Government?
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29 Apr 2014 in National Assembly:
Yes, hon. Temporary Deputy Chairman.
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29 Apr 2014 in National Assembly:
Yes, hon. Temporary Deputy Chairman.
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29 Apr 2014 in National Assembly:
Hon. Temporary Deputy Chairman, the principal Act talks of the issuance of securities by the national Government. It does not specify whether they are external, internal or domestic. It only talks of issuance of securities by the national Government. Having passed the amendment by the Chair deleting part (b) of the amendment to Clause 4, it means that section 53 governs even external guarantees and loans. That is the clarification I was seeking. What that means is that whatever we are discussing now under 53(A) is redundant. There is no further need to discuss it because as we speak, what ...
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29 Apr 2014 in National Assembly:
Hon. Temporary Deputy Chairman, the principal Act talks of the issuance of securities by the national Government. It does not specify whether they are external, internal or domestic. It only talks of issuance of securities by the national Government. Having passed the amendment by the Chair deleting part (b) of the amendment to Clause 4, it means that section 53 governs even external guarantees and loans. That is the clarification I was seeking. What that means is that whatever we are discussing now under 53(A) is redundant. There is no further need to discuss it because as we speak, what ...
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29 Apr 2014 in National Assembly:
You are not teaching me. Leader of Majority Party is saying---
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29 Apr 2014 in National Assembly:
You are not teaching me. Leader of Majority Party is saying---
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