Loan guarantees by national government
An Act of Parliament sets the terms on which the national government may guarantee loans. Within two months after each financial year, the national government must publish a report on the guarantees it gave that year.
The official text
(1) An Act of Parliament shall prescribe terms and conditions under which the national government may guarantee loans.
(2) Within two months after the end of each financial year, the national government shall publish a report on the guarantees that it gave during that year.
Summaries and answers are a plain-English guide written by Iam254, not legal advice. The official text is what counts. Official text: Constitution of Kenya, 2010, Kenya Law (National Council for Law Reporting), legislation as at 3 September 2010. It has not been amended since.