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Economic stimulus - budget allocation to Property Holdings for planning and design of various projects

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A decision made 21 December 2009 regarding: Economic stimulus - budget allocation to Property Holdings for planning and design of various projects.

Decision Reference:  MD-TR-2009-0214

Decision Summary Title:

Discretionary Fiscal Stimulus – Jersey Property Holdings Allocation – Planning Spend

Date of Decision Summary:

15 December 2009

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:

Allocation of fiscal stimulus funding to the construction and maintenance project team for planning phase of Jersey Property Holdings Backlog Maintenance Projects

Date of Written Report:

21 December 2009

Written Report Author:

Programme Manager, Fiscal Stimulus

Written Report :

Public or Exempt?

Public

Subject:

Economic Stimulus Plan: budget allocation Jersey Property Holdings in relation to funding the planning and design of various fiscal stimulus projects

Decision(s):

The Minister approved the allocation of £300,000 to Jersey Property Holdings, to be transferred to the department’s budget as set out in the accompanying report. 

 

He further instructed the construction and maintenance project team to report on spend of all stimulus monies, and project progress/performance, on a monthly basis in accordance with guidelines set by the Treasury.

Reason(s) for Decision:

A discretionary fiscal stimulus allocation from the Stabilisation Fund of £44m has already been approved. The approved funding to Jersey Property Holdings totalling £300,000 will enable the construction and maintenance project team to progress design works on the Jersey Property Holdings backlog maintenance projects in accordance with the critical path for delivering these stimulus projects on a timely basis.

Resource Implications:

No resource implications other than those already approved at the States’ debate (P55/2009) on 19th May 2009.

Action required:

Treasury to be informed of decision to release necessary funds to Jersey Property Holdings budgets.

Signature: 
 
 

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

                 

Date Signed:

Date of Decision:

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