Agricultural Finance Corporation Act

45. Rules

Edition: 2022-12-31 · Repealed

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45. Rules

The Cabinet Secretary, on the advice of the Board, may make rules as to all or any of the following matters, namely—

(a)the meeting and proceedings of the Board;

(b)the procedure for applying for loans, and the conditions which may be imposed on the making of a loan;

(c)the recovery of any costs resulting from examination of application for advances;

(d)the appointment of agents and the establishment of agencies, and their respective powers;

(e)the management of the Board and its agencies;

(f)the cases in which property given as security shall be insured;

(g)the forms to be used, and the books, accounts and records to be kept;

(h)the rights and privileges and the duties of the staff and the manner of the performance of their duties;

(i)generally for fully and effectually carrying out and giving effect to the provisions and purposes of this Act, and for guarding against violations of this Act.

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Source: Kenya Law