Nairobi, Kenya(Mogadishu24)-President William Ruto on Wednesday signed into law three significant bills during a ceremony at State House, Nairobi. The laws aim to enhance county funding, property valuation, and water infrastructure development.

The enacted bills include:

1. Division of Revenue (Amendment) Act, 2024:
   This Act allocates KSh387 billion as the equitable share of revenue to counties for the 2024/2025 financial year. While initially set at KSh400 billion, the allocation was revised downward to KSh380 billion, later increasing to KSh387 billion following an agreement between the National Assembly and Senate. This amount, representing 24.67% of the most recent audited revenue, surpasses the 15% constitutional minimum and reflects a KSh2 billion increase from the previous financial year.
2. National Rating Act, 2024:
   This legislation establishes a standardized framework for property valuation and rating, providing clear guidelines for counties on assessing property values and levying rates.
3. Water (Amendment) Act, 2024:
   This Act facilitates public-private partnerships in financing water infrastructure projects managed by National Government agencies, aiming to boost the development of water works across the country.

President Ruto emphasized that these laws are critical for advancing county governance, economic stability, and sustainable infrastructure development. The Division of Revenue Act allocates KSh2.2 trillion to the National Government, reflecting Kenya’s commitment to equitable resource distribution and improved service delivery.