TCI Cabinet Approves Committee for formation of Mortgage Corporation – Wednesday August 7, 2024

Turks and Caicos Islands – All members of Cabinet were present with the exception of the Minister for Tourism, Hon. Josephine Connolly and the Attorney General, Hon. Rhondalee Brathwaite-Knowles. Khalila Astwood sat as Acting Attorney General.

At this meeting of Cabinet:

1. It approved the Crown Land (Amendment) Bill 2024 and the Crown Land Ordinance (Amendment of Schedule) Order 2024 for submission to the House of Assembly.
2. It noted the First Quarter Financial Report for the Turks and Caicos Islands Government which will be published on the government website.
3. It approved policy changes to Section 68 of the Customs Ordinance CAP 19.04 to allow auditors to conduct reassessments of goods in the post-clearance Audit function, noting that the required legislative amendments will return to Cabinet for approval.
4. It approved a proposal for investing the Consolidated Fund free cash reserves into short-term fixed deposits.
5. It approved recommendations regarding the Sandy Point Investors Limited (SPIL) Development Agreement Dock Facility at Bellefield Landing.
6. It approved the establishment of a committee to progress the formation of the Mortgage Corporation.
7. It approved for Parcels 60803/114,115,116 & 117 consisting of a total of 4.5 acres be sent out to tender and advertised in keeping with Section 34 of the Crown Land Ordinance 2012.
8. It approved the reappointment of Ms. Louise Malcolm as a member of the Health Professions Authority Board for a period of three (3) years.
9. It granted approval for the issuance of a tender in relation to Parcels 60803/114,115,116 & 117.
10. It approved the reparcellation of Parcel 61113/57 and Parcel 61113/58 for the purpose of resolving an encroachment issue.
11. It approved funding assistance for Enhancing Disaster Supplies and Storage Facilities across the Turks and Caicos Islands.
12. It approved recommendations in respect of the American Airlines Expansion into South Caicos.
13. It received an information paper relating to the installation of solar panels.
14. It approved the establishment of a Public Private Partnership Monitoring Unit at the Turks and Caicos Islands Airports Authority.
15. It approved an application for a licence to operate a Beach Bar on Parcel 60906/172, Providenciales.
16. It considered proposals from developers regarding the Program Housing Concessions for Residential Developers.

Further information on these matters will be presented by Ministers in due course.