As members will recall, we have heard concerns about the quality of financial memoranda, the most recent example being the memorandum accompanying the Creative Scotland Bill. Members indicated that I should write to the Standards and Public Appointments Committee taking forward suggestions made by the previous Finance Committee for a mechanism to be introduced whereby a revised financial memorandum would need to be produced if the original was judged to be inadequate. Are members happy with the letter that I intend to send to the Standards, Procedures and Public Appointments Committee?
As the committee has previously agreed, we now go into private session to consider the evidence that we heard today for our inquiry into methods of funding capital investment projects.
Meeting continued in private until 16:28.