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Bill 10, Northwest Territories Heritage Fund Act

Government Bill

16th Assembly, 6th Session

Introduced on March 9, 2011

Bill Sponsor

Events

Timeline of key legislative events

  • First Reading
    Completed March 9, 2011 (Debate | Vote)
  • Second Reading
    Completed March 10, 2011 (Debate | Vote)
  • Third Reading
    Completed Aug. 24, 2011 (Debate | Vote)
  • Commissioner's Assent
    Completed Aug. 25, 2011 (Debate)

    • Status

    Bill Text



    Related Votes

    Aug. 24, 2011 Passed Mr. Speaker, I move, seconded by the honourable Member for Inuvik Boot Lake, that Bill 10, Northwest Territories Heritage Fund Act, be read for the third time.
    March 10, 2011 Passed Mr. Speaker, I move, seconded by the honourable Member for Inuvik Twin Lakes, that Bill 10, Northwest Territories Heritage Fund Act, be read for the second time. Mr. Speaker, this bill establishes the Northwest Territories Heritage Fund. The Heritage Fund is a trust fund for the benefit and use of the people of the Northwest Territories, and the Financial Management Board serves as trustee. Excess funds will be received into the Heritage Fund but nothing can be transferred from it for 10 years in order to build up the principal, which is to be retained and invested. Transfers of income from the Heritage Fund to the Consolidated Revenue Fund will be authorized by a special act. Thank you, Mr. Speaker.
    March 9, 2011 Passed Mr. Speaker. I move, seconded by the honourable Member for Inuvik Twin Lakes, that Bill 10, Northwest Territories Heritage Fund Act, be read for the first time. Thank you, Mr. Speaker.

    Discussion & Mentions

    Assent To Bills
    Prorogation

    August 24th, 2011


    See context

    George Tuccaro Commissioner Of The Northwest Territories

    Now, as Commissioner of the Northwest Territories, I am pleased to assent to the following bills:

    • Bill 7, Community Planning and Development Act;

    • Bill 10, Northwest Territories Heritage Fund Act;

    • Bill 15, An Act to Amend the Deh Cho Bridge Act;

    • Bill 16, An Act to Amend the Motor Vehicles Act;

    • Bill 17, An Act to Amend the Territorial Parks Act;

    • Bill 18, An Act to Amend the Public Utilities Act;

    • Bill 19, Cost of Credit Disclosure Act;

    • Bill 20, Vital Statistics Act;

    • Bill 21, An Act to Amend the Employment Standards Act;

    • Bill 22, An Act to Amend the Territorial Court Act;

    • Bill 23, Tobacco Damages and Health Care Costs Recovery Act;

    • Bill 24, Supplementary Appropriation Act (Infrastructure Expenditures), No. 2, 2011-2012;

    • Bill 25, Supplementary Appropriation Act (Operations Expenditures), No. 2, 2011-2012.

    I hereby prorogue the Sixth Session of the 16th Legislative Assembly.

    Thank you, merci beaucoup, quanami, mahsi cho.

    ---PROROGATION

    The House prorogued at 4:52 p.m.

    Bill 10: Northwest Territories Heritage Fund Act
    Third Reading of Bills

    August 23rd, 2011


    See context

    Thebacha

    Michael Miltenberger

    Michael Miltenberger Minister of Finance

    Mr. Speaker, I move, seconded by the honourable Member for Inuvik Boot Lake, that Bill 10, Northwest Territories Heritage Fund Act, be read for the third time.

    Bill 10: Northwest Territories Heritage Fund Act
    Second Reading of Bills

    March 9th, 2011


    See context

    Thebacha

    Michael Miltenberger

    Michael Miltenberger Minister of Finance

    Mr. Speaker, I move, seconded by the honourable Member for Inuvik Twin Lakes, that Bill 10, Northwest Territories Heritage Fund Act, be read for the second time.

    Mr. Speaker, this bill establishes the Northwest Territories Heritage Fund. The Heritage Fund is a trust fund for the benefit and use of the people of the Northwest Territories, and the Financial Management Board serves as trustee. Excess funds will be received into the Heritage Fund but nothing can be transferred from it for 10 years in order to build up the principal, which is to be retained and invested. Transfers of income from the Heritage Fund to the Consolidated Revenue Fund will be authorized by a special act. Thank you, Mr. Speaker.

    Bill 10: Northwest Territories Heritage Fund Act
    First Reading of Bills

    March 8th, 2011


    See context

    Thebacha

    Michael Miltenberger

    Michael Miltenberger Minister of Finance

    Mr. Speaker. I move, seconded by the honourable Member for Inuvik Twin Lakes, that Bill 10, Northwest Territories Heritage Fund Act, be read for the first time. Thank you, Mr. Speaker.