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

States of Jersey Bond: Delegated Authority to Treasurer of the States: Signing of Documents

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.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 5 June 2014:

Decision Reference:  MD-TR-2014-0048

Decision Summary Title:

Treasury and Resources delegated Authority for the purpose of signing and/or authentication of seal for certain documents in relation to the execution of the £250,000,000 3.75 per cent. Notes due 2054 (the "States of Jersey Bond")

Date of Decision Summary:

4 June 2014

Decision Summary Author:

Treasurer of the States

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Treasury and Resources delegated Authority for the purpose of signing and/or authentication of seal for certain documents in relation to the execution of the £250,000,000 3.75 per cent. Notes due 2054 (the "States of Jersey Bond")

Date of Written Report:

4 June 2014

Written Report Author:

Head of Decision Support

Written Report :

Public or Exempt?

Public

Subject:

Treasury and Resources delegated authority to the Treasurer of the States for signing and/or authenticating the official seal of the Minister for certain documents in relation to the execution of the States of Jersey Bond.

Decision(s):

The Minister decided to delegate authority to the Treasurer of the States to sign and/or authenticate the official seal of the Minister for certain documents in relation to the execution of the States of Jersey Bond, with the list of documents being authorised detailed on the attached report.

Reason(s) for Decision: 

To authorise the Treasurer of the States to sign and/or authenticate the official seal of the Minister for certain documents in relation to the execution of the States of Jersey Bond as detailed in the attached report to enable the efficient and effective management of public finances and operation of the Treasury and Resources department.

Resource Implications:

None.

Action required:

None.

Signature:

 

 

 

Position: Senator  P F C Ozouf, Minister for Treasury and Resources

 

 

Date Signed:

 

Date of Decision:

 

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