19 Nov 2019 in National Assembly:
119A. (1) Subject to the provisions of Section 119, a County Treasury
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19 Nov 2019 in National Assembly:
may authorise a county government entity, including a county assembly to open and operate bank accounts only at the Central Bank of Kenya except— (a) an imprest bank account which may be opened in a commercial bank account to facilitate the day to day operation of offices, provided the balance for the account shall not exceed a limit set by the Cabinet Secretary; (b) a revenue collection account to facilitate receipt and transfer of revenue to the relevant County Revenue Fund; (c) a bank account relating to a county public fund established pursuant to Section 116 to facilitate administration of ...
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19 Nov 2019 in National Assembly:
(3) Money paid into a bank account designated as a County Revenue Collection Account shall be promptly credited into the County Exchequer Account and shall be used and accounted for in accordance with Article 207 of the Constitution and Section 109. (4) No expenditure shall be paid out of a bank account designated as County Revenue Collection Account except as otherwise authorised by law. (5) The County Treasury may prescribe the banking rules and the maximum balance which may be held in any official County Treasury Single Account sub-account or other bank accounts, and if at any time this balance ...
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19 Nov 2019 in National Assembly:
Hon. Temporary Deputy Chairman, this amendment will restrict the current practice where county governments collect revenue and use it without depositing it into the County Exchequer accounts. This amendment will provide strict procedure on how they will collect the money and deposit it before they start using it through an authorisation processes.
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19 Nov 2019 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move: THAT, the Bill be amended by deleting Clause 41 and substituting therefor the following new clause—
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19 Nov 2019 in National Assembly:
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.
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19 Nov 2019 in National Assembly:
41. Section 129 of the principal Act is amended in subsection (3) by inserting the words “by 30th April each year” immediately after the words “member for finance.”
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19 Nov 2019 in National Assembly:
Hon. Temporary Deputy Chairman, the justification for this amendment is to provide for a timeline of 30th April in which the county assembly clerk should submit the budget estimates for the county. The amendment provides for specific timelines for the budget process.
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19 Nov 2019 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 42(c) of the Bill be amended in the proposed new subsection (7) by inserting the words “the Controller of Budget and the Senate” immediately after the words “National Treasury.”
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