Skip to main content

Review: Jersey Homebuyers Scheme

Committee/Panel: Public Accounts Committee
Launch Date: 26 January 2011 Close Date: To be advised
Submissions Deadline: To be advised Ministerial Response Date: To be advised
Review Status: Report published

About

Jersey's Homebuyers Scheme.

Terms of reference

The purpose of the project is to examine issues arising from the C&AG’s report on the States’ disposal of assets during 2009 and, in particular, issues arising from the sale of properties as a trial of the proposed Jersey Homebuy scheme.

The issues to be examined include:

  1. The liabilities assumed by the States of Jersey as a result of the transactions;
  2. Whether all appropriate budgetary approvals were obtained by the relevant departments to enable the transactions to take place;
  3. The appropriateness of the process by which were determined the prices at which the transactions took place;
  4. Whether the financial consequences (for the applicants and the States) of the proposed Jersey Homebuy policy has been properly assessed before the trial took place;
  5. Whether the Standing Order 168 procedure operated effectively to secure States’ control or oversight of the property transactions.