The To­ba­go House of As­sem­bly can­not law­ful­ly en­ter in­to spe­cial fi­nanc­ing arrange­ments for ma­jor con­struc­tion projects us­ing State fund­ing with­out the per­mis­sion of the Min­is­ter of Fi­nance.

Five Law Lords of the Unit­ed King­dom-based Privy Coun­cil stat­ed the po­si­tion ear­li­er this week as they dis­missed the fi­nal ap­peal over an in­ter­pre­ta­tion law­suit brought by the THA.

The law­suit stems from a Build, Own, Lease, Trans­fer (BOLT) agree­ment signed by the THA in 2011 for a $142 mil­lion Mil­shirv Ad­min­is­tra­tion Com­plex in Shir­van, To­ba­go.