ADVOKS GLOBAL · KENYA
Technical and Vocational Education and Training Act
48. Membership of Funding Board
Edition: 2022-12-31 · In force
48. Membership of Funding Board
(1)The Fund shall be managed by a Board which shall consist of—(b)the Principal Secretary in the Ministry responsible for technical and vocational education;(c)the Principal Secretary in the Ministry responsible for finance;(d)six members appointed by the Cabinet Secretary in accordance with subsection (2).(2)In appointing the members referred to in subsection (1)(d) the Cabinet Secretary shall have regard to—(a)the objects of the Fund;(b)the need for balanced competencies within the Funding Board;(d)the inclusion of persons with disabilities, the minorities and other marginalized groups.(3)The provisions relating to the appointment of the members of the Board as set out in section 8 shall apply, mutatis mutandis, to the Funding Board.(4)The main function of the Board shall be to manage the Fund established under section 47, and for that purpose to—(a)disburse funds to institutions in accordance with criteria prescribed by the Cabinet Secretary, taking into account the respective institution’s output, efficiency and role in areas priotised by the Government;(b)in consultation with the institutions, establish the maximum differentiated unit cost for the programmes offered and discipline differentiated remuneration for academic staff and advise the Government accordingly; and(c)receive funds for purposes of the Fund from the Government, donors, and from any other source;(d)provide advice on disbursement criteria for the Fund utilization.(5)The Funding Board may invest any unutilized balances in the Fund in such manner as trustees may lawfully invest public funds.