President William Ruto has assented to the Supplementary Appropriation Bill 2024 and the Division of Revenue Bill 2024 into law.
He assented to the Bills on Monday at State House Nairobi.
The Division of Revenue Bill 2024 was sponsored by the Chairperson Budget and Appropriations Committee Ndindi Nyoro.
It was read for the First Time on March 12, 2024.
The Bill was subsequently considered by the National Assembly and passed on March 20, 2024, without amendments.
Thereafter, it was forwarded to the Senate which considered and passed it on May 2, 2024, with amendments and referred it back to the National Assembly for concurrence.
The National Assembly considered and rejected the Senate’s amendments on May 13, 2024.
The Division of Revenue Bill 2024 seeks to provide for the sharing of revenue raised nationally between the national government and county government for the Financial Year 2024/25