Kenya Medical Supplies Authority Act

14. Funds of the Authority

Edition: 2022-12-31 · In force

14. Funds of the Authority

(1)The funds of the Authority shall comprise of—

(a)such monies as may be appropriated by Parliament through a budget line to the authority for purposes of carrying out the functions of the Authority;

(b)such fees, monies or assets as may accrue to or vest in the Authority in the course of the exercise of its powers or the performance of its functions under this Act or under any written law;

(c)all monies from any other source provided for or donated or lent to the Authority; and

(d)such monies as may be payable to the Authority pursuant to this Act or any other written law.

(2)Spent.

(3)Unless the National Treasury otherwise directs, the balance of the funds of the Authority at the end of the financial year shall be retained for the purposes for which the Authority is established.

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Source: Kenya Law