Thank you, Mr. Chairman. Bill 2, is a Borrowing Authorization Act. The purpose of this bill is to provide authority to the Commissioner or to the Minister or the Comptroller General acting for the Commissioner, to borrow money up to a limit of $65 million to ensure that the Consolidated Revenue Fund can meet lawfully authorized disbursements, and to repeal the temporary Borrowing Authorization Act, S.N.W.T. 1990, c.15, and the Borrowing Authorization Act S.N.W.T. 1991, c.36. Thank you, Mr. Chairman.
John Pollard 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
John Pollard Hay River
See context to find out what was said next.