President Uhuru Kenyatta has signed into law two Bills among them the County Allocation of Revenue Bill, 2019.
The County Allocation of Revenue Act 2019 provides for the equitable allocation of revenue raised nationally among the county governments for the 2019/20 financial year.
The Act also facilitates the transfer of the allocated funds from the Consolidated Fund to respective County Revenue Funds.
At the brief signing ceremony witnessed by Deputy President Dr. William Ruto, the President also appended his signature on the Copyright (Amendment) Bill, 2019.
The Copyright (Amendment) Act 2019 is aimed at addressing growing concerns about royalty rights in the country especially the collection and disbursement of fees and dues to copyright holders.
Present during the signing ceremony were Head of Public Service Joseph Kinyua, Attorney General Paul Kihara, National Assembly Speaker Justin Muturi and his Senate counterpart Ken Lusaka.
Others were Leader of Majority in the National Assembly Aden Duale, Isiolo Senator Fatuma Dullo, and Clerk of the National Assembly Michael Sialai and his Senate counterpart Jeremiah Nyegenye.
The President also signed into law the Division of Revenue Bill 2019 paving the way for the release of funds to counties on September 17.
The new law allocates Ksh378.1 billion to County governments for the 2019/20 financial year. Out of the total allocation, Ksh316.5 billion is the equitable share of national revenue while Ksh61.6 billion are conditional allocations to the devolved units.
The total allocation of Ksh378.1 billion to county governments represents 36. 46 percent of the audited and approved revenue of the National Government for the financial year 2018/19 against the constitutional threshold of 15 percent.
