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Public Finance Management (Strategic Food Reserve Trust Fund) Regulations, 2015 (L.N. No. 15 of 2015).

Country/Territory
Kenya
Document type
Regulation
Date
2015
Source
FAO, FAOLEX
Subject
Food & nutrition
Keyword
Food security Special fund Institution Cereals/grains/rice Agricultural commodities
Geographical area
Africa, Eastern Africa
Abstract

These Regulations provide for the establishment of a Strategic Food Reserve Trust Fund. The object and purpose for which the Fund is established is to provide a Strategic Food Reserve in physical stock and cash equivalent. "Strategic Food Reserve" includes maize, beans, rice, fish, powdered milk and canned beef. Specifically the Fund shall: (a) stabilize the food supply and prices in the country; (b) arrange for procurement, storage and sale of food commodities; (c) maintain adequate strategic food reserves in physical stock or cash equivalent at any one given time; and (d) mobilize resources to support strategic food reserve related activities. The Strategic Food Reserve Oversight Board shall, among other things: (a) formulate policies and guidelines for the regulation and management of the Fund; ensure strategic food reserves rotation and optimization; ensure food quality standards along the Strategic Food Reserve supply chain; monitor grain market prices.

Full text
English
Website
www.kenyalaw.org

References - Legislation

Amended by

Finance Management (Strategic Food Reserve Trust Fund) (Amendment) (No. 2) Regulations, 2015 (L.N. No. 164 of 2015).

Legislation | Kenya | 2015

Keyword: Food security, Special fund, Institution

Source: FAO, FAOLEX

Repealed by

Public Finance Management (Strategic Food Reserve Trust Fund) (Revocation) Regulations, 2020 (L.N. No. 61 of 2020).

Legislation | Kenya | 2020

Keyword: Food security, Special fund, Institution, Cereals/grains/rice, Agricultural commodities

Source: FAO, FAOLEX