ADVOKS GLOBAL · KENYA
Social Health Insurance Act
39. Annual estimates
Edition: 2023-11-24 · In force
39. Annual estimates
(1)The Authority shall, within three months after the end of the financial year, cause to be prepared estimates of its revenue and expenditure for that financial year.(2)The annual estimates shall make provision for all estimated expenditure of the Authority for the financial year concerned, and in particular shall provide for—(a)the payment of all the claims and benefits of the contributors in respect of medical and healthcare expenses incurred by them or their named beneficiaries pursuant to the provisions of this Act;(b)the payment of salaries, allowances and other charges in respect of the staff of the Authority;(c)the payment of pensions, gratuities and other charges in respect of retirement benefits which are payable out of the funds of the Authority;(d)the proper maintenance of buildings and grounds of the Authority;(e)the acquisition, maintenance, repair and replacement of the equipment and other movable property of the Authority; or(f)the creation of such reserve funds to meet future or contingent liabilities in respect of retirement benefits, insurance or replacement of buildings or equipment, or in respect of such other matters as the Authority may consider appropriate.(3)The annual estimates shall be approved by the Board before the commencement of the financial year to which they relate and after the approval, the annual estimates shall not be increased without prior consent of the Board.(4)No expenditure shall be incurred for the purposes of the Authority except in accordance with the annual estimates approved under subsection (3).