Issue - meetings

Report by Executive Director with responsibility for Legal and Regulatory Support

The Committee gave consideration to a report which invited Members to consider distribution arrangements for four of the Charitable Trusts, Bequests and Trust Funds for which the Members act as Trustees.

Decision

The Oban Lorn and the Isles Area Committee:

1.    agreed the proposals for distribution arrangements for the MacKinnon Ledigham Bequest, Archibald Dow Bequest and Coals for the Poor Oban, outlined within this report,

2.    agreed that a review of the updated distribution arrangements for the aforementioned funds be undertaken and reported to the Area Committee following the first 12 months of operation; and

3.    agreed that the unrestricted funds held within the Kilmore and Kilbride Bequest be made available, in their totality, immediately and that a moratorium be placed on this fund thereafter

(Reference: Report by Executive Director with responsibility for Legal and Regulatory Support, dated 6 March 2024, submitted)