ADVOKS GLOBAL · KENYA
The Government Financial Management (Members and Staff of the Electoral Commission Car Loan Scheme Fund) Regulations, 2007
8. Conditions for disbursement of funds
Edition: 2007-08-24 · Repealed
8. Conditions for disbursement of funds
(1)A loan approved by the Committee under the foregoing regulations shall be released from the Fund in such manner, taking into account the security of the funds, as may be prescribed by the Committee.(2)The log-book of a motor vehicle subject to a loan from the Fund shall be issued jointly between the Government and the Commissioner or staff receiving the loan and shall be kept in the custody of the officer administering the Fund until the loan is repaid in full by the Commissioner or staff.(3)The officer administering the Fund shall issue a caveat prohibiting the transfer of the motor vehicle and shall notify the Registrar of Motor Vehicles accordingly.(4)The Registrar of Motor Vehicles shall confirm in writing to the officer administering the Fund, that a caveat issued under paragraph (3) has been entered and noted in the appropriate motor vehicle file in the registry of the Registrar of Motor Vehicles.