Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

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

Housing Development Fund: Andium Homes Limited: Draft Model Loan Agreement

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 18 July 2014:

Decision Reference:  MD-TR-2014-0079

Decision Summary Title:

Approval of the Draft Model Loan Agreement to be issued by the Housing Development Fund to Andium Homes Limited

Date of Decision Summary:

17 July 2014

Decision Summary Author:

Head of Shareholder Relations

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Approval of the Draft Model Loan Agreement to be issued by the Housing Development Fund to Andium Homes Limited

Date of Written Report:

17 July 2014

Written Report Author:

Head of Shareholder Relations

Written Report :

Public or Exempt?

Public

Subject: Approval of the Draft Model Loan Agreement template to be issued by the Housing Development Fund to Andium Homes Limited.

Decision(s): The Minister for Treasury and Resources approved the Draft Model Loan Agreement template, which is proposed be used for the Housing Development Fund to issue loans planned for up to  £207 million to Andium Homes Limited, a States owned Company Limited by Guarantee, which commenced on 1st July 2014.

Reason(s) for decision:  The States approved in the 2014 Budget (P.122/2013) for the Housing Development Fund to lend up to a maximum of £250 million for housing purposes to Housing Trusts/Associations/companies or Bodies.

 

This approval is for the Draft Model Loan Agreement, referred to in the Draft Budget Statement 2015, under the Appendix for the rules for the operation of the Housing Development Fund.

Resource Implications: None.

Action required: Head of Shareholder Relations to arrange for the issue of the Draft Model Loan Agreement (Appendix 1).

Signature:

 

 

 

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

 

Date Signed:

 

Date of Decision:  

Back to top
rating button