Public Finance Management Transition Bil - Ministry of Housing

The County Governments Public Finance Management Transition Bil, 2012 1 THE COUNTY GOVERNMENTS PUBLIC FINANCE MANAGEMENT TRANSITION BILL, 2012 ARANGEMENT OF CLAUSES Clause PART I — PRELIMINARY 1 — Short title. 2 — Interpretation. 3 — Object and purpose of this Act. PART II — ESTABLISHMENT, COMPOSITION ADMINISTRATION AND FUNCTIONS OF TRANSITION COUNTY TREASURIES 4 — Establishment of the Transition County Treasuries. 5 — Composition of the Transition County Treasuries. 6 — Identification and secondment of oficers. 7 — Reporting by the Transition Principal Oficers. 8 — General responsibilities of the Transition County Treasuries. 9 — Additional responsibilities of the Transition County Treasury. 10 —Acounting Oficer. 11 — Functions and responsibilities of acounting officers. 12— Bank acounts. PART II—PREPARATION AND

APROVAL OF TRANSITION COUNTY BUDGETS 13— Preparation of the Transition County Alocation of Revenue Bil. 14 Preparation of county budget estimates. The County Governments Public Finance Management Transition Bil, 2012 2 15 — Approval of County Budget estimates and Bils. 16 — Withdrawal of funds from County Revenue Funds. 17 — Form of publication of budget estimates. 18 — Designation of Transition County Principal Oficer as collector of revenue. 19 — Functions and responsibilities of receivers of revenue. 20 — Reporting by Transition County Receivers of Revenue. 21— Appointment of a Transition Collector of Revenue. 2—Continuation of revenue raising measures 23—Preparation of estimates. 24—Submision of estimates for approval. 25—Budgets to comply with the Public Finance Management Act, 2012. 26—Managers to be designated transition collectors of revenue. 27—Opening and closing of bank acounts. 28. —Power of the Cabinet Secretary to make regulations. 29—Existing regulations in force. 30—Repeal of this Act. The County Governments Public Finance Management Transition Bil, 2012 3 A Bil for AN ACT of Parliament to provide for, pursuant to section 15 of the Sixth Schedule of the Constitution, a framework for establishment and functions of transition county treasuries; the transition county budget proces; transition revenue raising measures and expenditures for county governments; responsibilities of transition county accounting officers and receivers of revenue and for connected purposes ENACTED by the Parliament of Kenya, as follows - PART I— PRELIMINARY Short title. 1. This Act shal be cited as the County Governments Public Finance Management Transition Act, 2012. Interpretation. No. 18 of 203. No….of 2012. 2. (1) In this Act, unles the context otherwise requires — “acounting officer” means the Transition County Acounting Oficer as provided for under section 10 of this Act; “Cabinet Secretary” has the meaning asigned to it in section 2 of the Public Finance Management Act, 2012; “County Executive Commite member for Finance” has the meaning asigned to it in section 2 of the Public Finance Management Act, 2012; “decentralized units” has the meaning asigned to it under section 48 of the County Governments Act; “establishment” in the case of the County Asembly means the swearing in of the members of the County Asembly The County Governments Public Finance Management Transition Bil, 2012 4 No…of 2012. and the Governor after the declaration of results of the first elections under the Constitution and in the case of the County Treasury upon the appointment of the County Executive...

Website: www.housing.go.ke | Filesize: 175kb
No of Page(s): 17
Download Public Finance Management Transition Bil - Ministry of Housing.pdf