The Kenya Local Loans Support Fund (Winding-up) Order, 2023

Legal Notice 50 of 2023

Citation
Legal Notice 50 of 2023
Primary work
Public Finance Management Act
Date
12 May 2023
Language
English
Type
Legal Notice
Publication
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LAWS OF KENYA

PUBLIC FINANCE MANAGEMENT ACT

THE KENYA LOCAL LOANS SUPPORT FUND (WINDING-UP) ORDER, 2023

LEGAL NOTICE 50 OF 2023

  • Published in Kenya Gazette Vol. CXXV—No. 109 on 12 May 2023
  • Commenced on 20 April 2023

1. Citation

This Order may be cited as the Kenya Local Loans Support Fund (Winding-Up) Order, 2023.

2. Winding up of Fund

The Kenya Local Loans Support Fund is wound up.

3. Transitional provisions

On the winding up of the Fund—
(a)the administrator of the Fund shall pay any amount remaining in the Fund into the National Exchequer Account for the credit of the national government; or
(b)the Cabinet Secretary shall pay any deficit in the Fund from funds of the national government in the National Exchequer Account with the approval of the National Assembly; and
(c)the Cabinet Secretary shall submit a final statement of accounts to Parliament.
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History of this document

12 May 2023 this version
20 April 2023
Commenced