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Sunstone Holdings Ltd and De Lec Ltd (P.90/2013): Budget transfer from Central Contingency to Chief Minister's Department to fund Inquiry

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 12 September 2014:

Decision Reference:   MD-C-2014-0152

Decision Summary Title :

Sunstone Holdings Ltd and De Lec Ltd Inquiry – Central Contingency Funding Request

Date of Decision Summary:

9th September 2014

Decision Summary Author:

Finance Manager, Corporate Group

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Sunstone Holdings Ltd and De Lec Ltd Inquiry – Central Contingency Funding Request

Date of Written Report:

5th August 2014

Written Report Author:

Finance Manager, Corporate Group

Written Report :

Public or Exempt?

Public

Subject: 

Request for Central Contingency funding to fund the Sunstone Holdings Ltd and De Lec Ltd inquiry.

Decision(s):

The Chief Minister accepted a non-recurring budget transfer in 2014 of up to £57,800 from Central Contingency (one-off) to the Chief Minister’s Department (CMD) revenue head of expenditure to fund the Sunstone Holdings Ltd and De Lec inquiry.

Reason(s) for Decision:

As part of the debate P90/2013 – “Sunstone Holdings Ltd and De Lec Ltd – ex Gratia Payments to Investors” the Chief Minister requested an independent expert be instructed to complete an independent review to clarify various points raised in the debate.

Resource Implications:  

The CMD revenue head of expenditure to increase by up to £57,800 in 2014 and Central Contingency (one-off) to reduce by an identical amount. This decision does not change the total amount of expenditure approved by the States for the period of the current MTFP 2013 to 2015.

Action required:

Research and Project Officer to notify the Finance Manager – Corporate Group that the decision has been made.

 

 

 

 

 

 

 

 

 

 

 

 

Signature: 

 

 

 

Position: 

CHIEF MINISTER

Date Signed:

 

 

 

Date of Decision (If different from Date Signed):

 

 

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