Under the sports capital programme administered by my Department, it is a condition for grantees to execute a deed of trust in respect of facilities in receipt of grant-aid above a certain threshold which stood at £39,000 up to and including the 2000 programme. In the light of rising building costs, I reviewed that threshold and decided to revise it upwards to £60,000 for the purposes of grants under the 2001 and future programme.
The deed of trust provides, inter alia, for a refund of the grant in the event of the facility not continuing to be used for the purpose for which the grant was allocated. To enable a deed of trust to be executed the grantees must either own the property or have a long-term lease of 35 years. The deeds of trust are prepared by the Chief State Solicitor's office, CSSO.