Economic Stimulus Plan: Housing Backlog Maintenance Planning Phase

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A decision made (30/09/2009) regarding: Economic Stimulus Plan: Housing - Backlog Maintenance Planning Phase.

Decision Reference: MD-TR-2009-0161
Decision Summary Title:	Fiscal Stimulus Budget Allocation – Housing Department		Date of Decision Summary:	25 September 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 Housing for planning spend on Backlog Maintenance projects		Date of Written Report:	25 September 2009
Written Report Author:	Fiscal Stimulus Programme Manager		Written Report : Public or Exempt?	Public
Subject: Economic Stimulus Plan: budget allocation to the Housing Department in relation to the funding of the planning phase for backlog maintenance projects
Decision(s): The Minister approved the allocation of £133,200 to the Housing Department, 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 the Housing Department of £133,200 will enable the Construction and Maintenance project team to progress design and planning on a number of projects in accordance with the critical path for delivering these stimulus projects on a timely basis.
Resource Implications: No financial resource implications other than those explained in the accompanying report. No manpower resource implications.
Action required: Treasury to be informed of decision to release necessary funds to the Housing Department budgets.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: