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KenyaSimplified

Chapter 12, Part 3 · Art. 213

Loan guarantees by national government

  • An Act of Parliament prescribes the terms under which the national government may guarantee loans.
    Art. 213(1)

    (1) An Act of Parliament shall prescribe terms and conditions under which the national government may guarantee loans.

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  • The national government must publish a report on the guarantees it gave during each year, within two months after the year ends.
    Art. 213(2)

    (2) Within two months after the end of each financial year, the national government shall publish a report on the guarantees that it gave during that year.

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