The Government Financial Management (Community Development Trust Fund) Regulations, 2007
2. Interpretation
2. Interpretation
In these Regulations, unless the context otherwise requires—“financial agreement” means the final document and its annexures on the management of the Fund, signed between the Government of Kenya and the Commission of the European Union or between the Government of Kenya and any other person;“final document” means a legally binding document drawn in accordance with the Lome Convention and the enhancements provided under a memorandum of understanding between the Government of Kenya and the Commission of the European Union, on the National Indicative Program of Kenya or between the Government of Kenya and any other person;“financial year” means the period of twelve months ending on the 30th June in each year;“Founders” means the Government of Kenya and the Commission of the European Union;“Fund” means the Community Development Trust Fund established under regulation 3;“Lome Convention” means the Trade and Aid Agreement between the European Union and the African, Caribbean and Pacific Countries, first signed in February 1975 in Lome, Togo and any annexes and protocols thereto;“officer administrating the Fund” means the accounting officer of the Ministry of the time being responsible for matters relating to the Fund;“Project Management Unit” means the team responsible for the day-to-day operations of the Fund, recruited by the Trustees;“rules and regulations” means the rules and regulations governing the operations of the Fund;“Trustee” means a person entrusted and jointly appointed by the Founders to operate the Fund.Source: Kenya Law