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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Dormant Bank Accounts (Jersey) Law 2017: Approval of distribution £1 million

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made 14 March 2023:

Decision Reference:  MD-ER-2023-145

Public

Subject: Dormant Bank Accounts (Jersey) Law 2017 – Approval of distribution £1 million

 

Report Title: Dormant Bank Accounts (Jersey) Law 2017 – Approval of distribution £1 million

Public

Decision(s):

The Minister decided to approve the payment of £1 million to the Jersey Community Foundation from the Jersey Reclaim Fund, for onward distribution for charitable purposes, as detailed in the accompanying report.

Reason for Decision(s):

Formal approval of the distribution is required in order to permit payment and thereby to assist members of the island community facing the challenges of cost of living rises and generally.

Resource Implications: There are no new financial and/or manpower implications.

 

Action Required: Department to take necessary action.

Signature:

 

 

Signed By: Assistant Minister for External Relations and Financial Services

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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