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Uhuru assents to County Allocation of Revenue Bill

COUNTIES
By PSCU | July 9th 2015
The County Allocation of Revenue Bill signed into law by President Uhuru Kenyatta  recommends that the National Treasury shall publish a monthly summary of all transfers and allocations given to county government.

President Uhuru Kenyatta Thursday signed the County Allocation of Revenue Bill into law, which among other things sets a ceiling on the amount of money counties will spend on recurrent expenditure.

The Act contains schedules listing the grants which the National Government is giving to the counties including Ksh 95.7 million per county for the leasing of medical equipment.

The Act lists all the conditional grants which the county governments are receiving from the National Government’s own revenue allocation, running into billions of shillings.

The Act recommends that the National Treasury shall publish a monthly summary of all transfers of allocations and transfers given to county government.

Each county treasury will be required to reflect all transfers by the national government in its books of accounts.

The Bill was presented to the Head of State for his signature by the Speaker of the Senate Ekwe Ethuro.

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President Uhuru Kenyatta signs county cash law
President Uhuru Kenyatta on Thursday signed the County Allocation of Revenue Bill into law, which among other things sets a ceiling on the amount of money counties will spend on recurrent expenditure.
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