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KWALE COUNTY YOUTH, WOMEN AND PWD's FUND BILL
Quote from Kwale Youth Council on June 4, 2018, 12:15 pmPART TWO - ESTABLISHMENT OF THE FUND
5. (1) There is established a Fund to be known as the
Kwale County Youth, Women and Persons with
Disabilities, Fund.
Sources of the fund
6. (i)The Fund shall consist of―
(a) such monies as shall be appropriated by the County
Assembly;
(b) any grants, gifts, donations, loans or other
endowments granted to the Fund;
(c) such funds as may vest in or accrue to the Fund in the
course of the County Fund Management committee
exercise or performance of its functions under this Act;
(d) monies from any other lawful source accruing to the
Fund; and
(e) repayments and penalties.
Administration cost 7. (i) An amount―
(a) the administration component of the fund shall not be
more than five percent of the total disbursement.
Objects of the fund 8.(1) The Fund shall be utilized for―
(a) providing access to capital and financing facilities
to micro and small s owned by the youth,
women and persons with disabilities resident in the
County;
(b) attracting and facilitating investment in
micro and small s oriented commercial
infrastructure;
(c) Supporting youth, womenand persons with
disabilities oriented into micro and small s to
develop linkages with large s;
(d) providing technical assistance in product
and market development;
(e) facilitating training, mentorship and the provision of
business development services to youth, women and
persons with disabilities entrepreneurs in the County;
and
(f) facilitating technology acquisition, adoption and
utilization for beneficiaries under this Act.
(ii) The amount set aside for disbursement as loans under
sub-section(6) shall be appropriated as per Ward repayments.
PART TWO - ESTABLISHMENT OF THE FUND
5. (1) There is established a Fund to be known as the
Kwale County Youth, Women and Persons with
Disabilities, Fund.
Sources of the fund
6. (i)The Fund shall consist of―
(a) such monies as shall be appropriated by the County
Assembly;
(b) any grants, gifts, donations, loans or other
endowments granted to the Fund;
(c) such funds as may vest in or accrue to the Fund in the
course of the County Fund Management committee
exercise or performance of its functions under this Act;
(d) monies from any other lawful source accruing to the
Fund; and
(e) repayments and penalties.
Administration cost 7. (i) An amount―
(a) the administration component of the fund shall not be
more than five percent of the total disbursement.
Objects of the fund 8.(1) The Fund shall be utilized for―
(a) providing access to capital and financing facilities
to micro and small s owned by the youth,
women and persons with disabilities resident in the
County;
(b) attracting and facilitating investment in
micro and small s oriented commercial
infrastructure;
(c) Supporting youth, womenand persons with
disabilities oriented into micro and small s to
develop linkages with large s;
(d) providing technical assistance in product
and market development;
(e) facilitating training, mentorship and the provision of
business development services to youth, women and
persons with disabilities entrepreneurs in the County;
and
(f) facilitating technology acquisition, adoption and
utilization for beneficiaries under this Act.
(ii) The amount set aside for disbursement as loans under
sub-section(6) shall be appropriated as per Ward repayments.