ADVOKS GLOBAL · KENYA
Kenya Maritime Authority Order Revoked by necessary implication by KMA Act
10. Authority to establish and control Fund
Edition: 2022-12-31 · In force
10. Authority to establish and control Fund
(1)The Authority shall establish a Maritime Administration Fund (hereinafter called "the Fund") into which all moneys received by the Authority shall be paid and out of which all payments made by the Authority shall be made.(2)The Authority shall—(a)supervise and control the administration of the Fund;(b)open a banking account or banking accounts for the Fund;(c)invest any surplus funds in the manner approved by the Authority; and(d)if it deems fit, impose conditions as to any expenditure authorized by it or on its behalf, and such conditions may impose any reasonable prohibition, restrictions, suspension or requirements concerning such use or expenditure.