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Lord Portsea Trust: Constitution: Amended

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A decision made 4 October 2013:

Decision Reference:  MD-ESC-2013-0018 

Decision Summary Title):

Lord Portsea Trust – amended constitution

Date of Decision Summary:

27 September 2013

Decision Summary Author:

 

Andy Gibbs

Head of Lifelong Learning & Skills

Decision Summary:

Public or Exempt?

 

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title:

Lord Portsea Gift Fund: Revised rules and conditions

Date of Written Report:

27 September 2013

Written Report Author:

Andy Gibbs

Head of Lifelong Learning & Skills

Written Report :

Public or Exempt?

 

Public

Subject: Lord Portsea Trust – adapting the structure of the fund to take account of the move to Ministerial government and placing the administration of the Fund on a more conventional footing by incorporating it under the Loi (1862) sur les teneures en fideicommis et l’incorporation d’associations (“the 1862 Law”)

 

Decision(s):  The Minister approved the attached report and proposition for lodging ‘au Greffe’ in order to seek the approval of the States

Reason(s) for Decision:  The Lord Portsea Gift Fund was established, with the approval of the Royal Court, by Act of the States dated 25th May 1971. The rules and conditions of the fund were amended on two subsequent occasions by further Acts. The introduction of Ministerial government has meant that changes need to be made to the administrative structure of the Fund which can also be placed on a more conventional footing by applying for incorporation to the Royal Court. This would mean that any future changes to the Fund would not require drafting of Acts of the States.

Resource Implications:  None

Action required:  The Greffier of the States to be requested to arrange for the attached proposition to be lodged ‘au Greffe’ and, subject to the approval of the States Assembly, an application to be made to the Royal Court to incorporate the Fund under the Loi (1862) sur les teneures en fideicommis et l’incorporation d’associations (“the 1862 Law”).

Signature:

 

 

Position:

Minister for Education, Sport and Culture

 

Date Signed:

 

 

Date of Decision:

 

1st October 2013

 

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