Kenya Agricultural and Livestock Research Act

38. Funds of the Organisation

Edition: 2022-12-31 · In force

38. Funds of the Organisation

(1)The funds and assets of the Organisation shall comprise of—

(a)such moneys or assets as may accrue to or vest in the Organisation in the course of the exercise of its power or the performance of it functions under this Act, including proceeds from patents and breeders rights;

(b)the Agricultural Research Fund;

(c)such moneys as may be payable to the Organisation pursuant to this Act or any other written law;

(d)such gifts as may be donated to the Organisation;

(e)such moneys as may be appropriated by Parliament for the purposes of the Organisation; and

(f)moneys from any other source granted, donated, or lent to the Organisation.

(2)The allocation of resources to the two directorates shall be done on a pro-rata basis depending on the contribution to Kenya's gross domestic product by the crop and livestock sectors, respectively.

(3)The Public Finance Management Act (Cap. 412A), shall be applicable in the management of financial resources in the sectors at all levels.

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Source: Kenya Law