, NAIROBI, Kenya, Aug 9 – President Uhuru Kenyatta today at State House, Nairobi, signed into law the County Allocation of Revenue Bill, 2013.
The Act provides for the division, among counties, of conditional allocations and equitable share of revenue allocated to the county level of Government on the basis determined in accordance with the resolution in force under article 217 of the Constitution for the Financial Year 2013/14.
The Act will facilitate the transfer of allocations made to the counties from the Consolidated Fund to the respective County Revenue Funds.
President Kenyatta described the signing of the Bill as historic saying it is the first senate bill to be signed under the new constitution.
The signing was witnessed by the Speaker of Senate Ekwe Ethuro, Clerk to the Senate Jeremiah Nyegenye and Attorney-General Prof Githu Muigai.
The President said signing of the Bill had to be fast-tracked in order to enable governors to speedily implement their programmes and deliver services to the people.
The President assured the Speaker of the Senate of Government’s readiness to work closely with all stakeholders to ensure the successful implementation of devolution.
“I am excited and look forward to working together with all stakeholders to ensure devolution works,” the President said.
“Mr Speaker, you can count on our continued co-operation with the Senate in the process of implementing devolution.”
The total amount of shareable revenue for the 2013-2014 Financial Year is Sh190 billion.
The allocation was based on an approved formula comprising five parameters namely; population, basic equal share, poverty levels, land area and fiscal responsibility.
The parameters account for 45 percent, 25 percent, 20 percent, 8 percent and 2 percent of shareable revenue respectively.