Thank you, Mr. Chairman. I had asked at the committee level, and I would like to ask here, recognizing that this bill is repealing the Temporary Borrowing Authorization Act, S.N.W.T. 1990, c.15, and the Borrowing Authorization Act, S.N.W.T. 1991, c.36 which basically gave the authority to the Minister of Finance to be able to borrow up to $10 million. It is my understanding that that authority to borrow $10 million was to allow for loans to the municipalities in the Northwest Territories. It is further my understanding that these loans were not needed by the municipalities of the Northwest Territories. The Minister of Finance has publicly indicated that the GNWT basically needs $50 million, and now he is repealing the previous $10 million and coming in requesting $65 million. Can he clarify his government's position? Thank you.
Jeannie Marie-Jewell on Bill 2: Borrowing Authorization Act
In the Legislative Assembly on December 17th, 1991. See this statement in context.
Bill 2: Borrowing Authorization Act
Item 17: Consideration In Committee Of The Whole Of Bills And Other Matters
December 17th, 1991
Page 175
Jeannie Marie-Jewell Thebacha
See context to find out what was said next.