The law on public finance provides that the Bill, which provides the formula for the sharing of resources to the counties, must be considered by the two Houses.
In the 2017/2018 financial year, parliament approved Sh345 billion for disbursement to the counties.
CS Rotich defended delay citing differences between the disbursement schedule and the County Allocation of Revenue Act.
The National Treasury is expected to release Sh77.4 billion to the 47 County Governments once President Uhuru Kenyatta signs the County Allocation of Revenue (amendment) Bill into law.
The money is part of the Sh345 billion approved for counties and was scheduled to be disbursed in the first quarter after the end of the financial year on June 30, 2017.
However, disbursement was delayed due to a technical hitch arising from a stalemate between the two Houses that meant some amendments had to be made on the County Allocation of Revenue Act (CARA).
The amendment Bill was first passed by Senate on November 9 and transmitted to the National Assembly for concurrence as required by the Public Finance Management Act.
Senate speaker, Ken Lusaka, on Tuesday told Senators that the Bill will now be taken before President Uhuru Kenyatta for assent having been approved by the National Assembly without amendments.
The law on public finance provides that the Bill, which provides the formula for the sharing of resources to the counties, must be considered by the two Houses.
In the 2017/2018 financial year, parliament approved Sh345 billion for disbursement to the counties.
Accusations
The delay to release funds six months into the current financial year saw Senators accuse National Treasury Cabinet Secretary Henry Rotich of derailing the operations of counties.
Council of Governors chairman Governor Josephat Nanok (Turkana) also weighed in, accusing the CS of sabotaging the counties.
But Mr Rotich defended the delay citing differences between the disbursement schedule and the County Allocation of Revenue Act passed hurriedly before the August 8 election.
He noted that the County Allocation of Revenue Act (CARA) 2017 assented to by the Mr Kenyatta was different from the one approved by Senate.
Mr Nanok, however, said Treasury’s continued delay in releasing funds was not only affecting development projects but also violating the law.
Attorney General Prof Githu Muigai had advised that the Senate’s approved schedule on the disbursement of the County funds be amended to conform to the law.
