ADVOKS GLOBAL · KENYA
Public Finance Management Act
122. County Treasury to maintain record of county government loans
Edition: 2026-09-25 · In force
122. County Treasury to maintain record of county government loans
(1)The County Treasury shall maintain a record of all loans made to the county government and make the record available to the county assembly within seven days of request.(2)The County Treasury shall include in the record under subsection (1), the following information—(a)the principal of the loan and the terms and conditions of the loan, including interest and other charges payable and the terms of repayment;(b)the amount of the loan advanced at any particular time;(c)the principal amount, interest and other charges paid at any particular time; and(d)the balance of principal, interest and other charges outstanding at any particular time.(3)The county treasury shall maintain the following additional information with respect to every such loan—(a)the names of the parties to the loan;(b)the amount of the loan and the currency in which it is expressed and in which it is repayable;(c)the terms and conditions of the loan, including interest and other charges payable and the terms of repayment;(d)the amount of the loan advanced at the time the report under subsection (3) is submitted;(e)the purpose for which the loan was used and the perceived benefits of the loan; and(f)any other information that the county assembly requests.(4)The County Treasury shall submit both quarterly and annual reports of all loans made to the county government to the county assembly.