ADVOKS GLOBAL · KENYA
Private Security Regulation Act
63. Funds of the Authority
Edition: 2022-12-31 · In force
63. Funds of the Authority
(1)The funds of the Authority shall comprise—(a)such funds as may be provided by Parliament;(b)such funds as may be collected under the Private Security Fidelity Fund;(c)such moneys 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 of any other written law; and(d)all moneys from any other source provided for or donated or lent to the Authority.(2)Notwithstanding subsection (1) (b), (c) and (d) the Authority shall not accept funds, gifts or other donations from any person it regulates.(3)Any moneys donated to the Authority shall be declared at the end of each financial year.(4)There shall be paid out of the funds of the Authority all sums required to defray the expenditure incurred by the Authority in the exercise of its powers and the performance of its functions under this Act.