ADVOKS GLOBAL · KENYA
Agricultural Finance Corporation Act
15. Funds of Corporation
Edition: 2022-12-31 · Repealed
15. Funds of Corporation
(1)The funds of the Corporation shall consist of—(a)all moneys, funds and securities vested in the Corporation by section 48 of this Act;(b)any money provided by Parliament;(c)any money borrowed under section 14(1)(b) of this Act;(d)any money received by way of interest on, or in repayment of, or otherwise in connexion with, loans made by or vested in the Corporation; and(e)such moneys as the Cabinet Secretary may from time to time approve as funds of the Corporation.(2)The Corporation shall pay to the Government interest, at such rate as the National Treasury, after consultation with the Cabinet Secretary and with the Board, may from time to time determine upon any money provided by Parliament and upon any money which, by virtue of subsection (1)(a) of this section, forms part of its funds and was provided by Parliament; and any interest payable under this subsection shall be paid upon such dates as the Principal Secretary to the National Treasury may direct.