Sale of properties (P.52-2004): amendments (P.52-2004 Amd.) - comments

Published on: 25 May 2004

Presented by: Finance and Economics Committee

Debate date: Withdrawn

Reference: P.52/2004(Amd)(Com)

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STATES OF JERSEY

SALE OF PROPERTIES (P.52/2004): AMENDMENTS (P.52/2004 AMD.) – COMMENTS

Presented to the States on 25th May 2004 by the Finance and Economics Committee

STATES GREFFE

COMMENTS

Whilst the Finance and Economics Committee agrees with the Deputy 's stance with regards to retaining the proceeds arising from the sale of the assets so as to address the budget deficit and/or to re-direct funding to the area of most need, it wishes to re-iterate that it considers its support for the Housing Committee's proposition to be an exception to the normal arrangements and very much a one-off', given the condition of Le Clos de Roncier and the urgent social need. The Committee is not advocating a wholesale increase in the level of capital expenditure through the disposal of the States' property, at a time when the States' budget is in deficit.