State Corporations Act

11. Annual estimates

Edition: 2025-12-05 · In force

11. Annual estimates

(1)Every state corporation shall cause to be prepared and shall, not later than the end of February in every year, submit to the Cabinet Secretary and to the Treasury for approval, estimates of the state corporation's revenue and expenditure for the following financial year accompanied by proposals for funding all projects to be undertaken by the state corporation, or the implementation of which will continue during the financial year to which those estimates relate.

(2)No annual estimates and proposals for funding projects shall be implemented until they have been approved by the Cabinet Secretary with the concurrence of the Treasury.

Case law referring to this provision

Katiba Institute & another v Attorney General & another; Karangi & 128 others (Interested Parties) (Petition 236 of 2018) [2021] KEHC 6781 (KLR) (Constitutional and Human Rights) (27 May 2021) (Judgment)
Katiba Institute & another v Attorney General & another (Constitutional Petition 331 of 2016) [2020] KEHC 1213 (KLR) (Constitutional and Human Rights) (4 December 2020) (Judgment)

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Source: Kenya Law