Counties will now start receiving their funds after the long awaited signature from the Head of State was finally penned down.
Uhuru’s signature now means the County Revenue Allocation CRA Bill is now officially turned into law allowing an immediate disbursement of the money to counties.
The law allows devolved units to be allocated a whopping sh 369.87 billion this year which extends to part of next year and which will include sh 316.5 billion of Equitable Share and sh 13.73 billion Condition Grants from the State.
The law also includes sh 9.43 billion from the Road maintenance/ fuel levy as well as sh 30.2 billion loans and grants.
Counties have been facing a cash crunch for now the second quarter paralyzing most activities in the country.
Last September 2020, a total of 41 Senators, after a very long time, passed the Third Basis Revenue formula for counties.
The debate on the revenue allocation first landed in the Senate in July 2020 creating a financial crisis in all the 47 counties.
The bill created a rift not only between senators and the county CEOs but also between the president and governors.
Council of Governors CoG led by Chairman Wycliffe Oparanya went as far as threatening to paralyze activities in counties across the country.
Governor Oparanya was on record saying they had remained with only one alternative which was to shut down the entire devolved units.
And following the good news today from the State House, County workers and suppliers will start receiving their dues which had accumulated for some months.
By early next week, it is expected that the funds, as usual, will have arrived in all the 47 devolved units.
Present during the signing ceremony are Senate Speaker Kenneth Lusaka, his National Assembly Speaker Justin Muturi and Treasury CS Ukur Yattani.