President Uhuru Kenyatta has signed into law the 2020/2021 County Revenue Allocation Bill paving the way for the disbursement of exchequer funds to the Counties.
This comes as a relief for governors who have faced a cash crunch with operations of county governments almost grinding to a halt.
The Senate had delayed reaching a consensus on the Revenue Sharing formula prompting the intervention of the President after the Council of Governors resolved to shut down essential county services.
The new law allocates a sum of Kshs 369.87 billion in the current fiscal year to Counties and includes Kshs 316.5 billion of Equitable Share and Kshs 13.73 billion in Government of Kenya Conditional Grants.
Also included is Kshs 9.43 billion from the Road Maintenance/Fuel Levy as well as Kshs 30.2 billion in Loans and Grants.
The conditional allocation will be utilized in provision of services such as leasing of medical equipment and rehabilitation of youth polytechnics across all the 47 Counties.
The Bill singed on Thursday morning at State House, Nairobi was presented to the Head of State for signature by Speaker of the Senate Ken Lusaka at a ceremony attended by Speaker of the National Assembly Justin Muturi and Treasury Cabinet Secretary Ukur Yattani.
President Uhuru Kenyatta has this morning at State House, Nairobi signed into law the 2020/2021 County Revenue Allocation Bill paving the way for the disbursement of exchequer funds to the Counties.
— State House Kenya (@StateHouseKenya) October 8, 2020
Also present were Leaders of Majority in the Senate and the National Assembly Samuel Poghisio and Amos Kimunya, Head of Public Service Dr Joseph Kinyua, Clerks of both Houses Jeremiah Nyegenye (Senate) and Michael Sialai (National Assembly), Solicitor General Ken Ogeto and State House Deputy Chief of Staff Njee Muturi.