To be sure that in the event of some hard times, that we have enough money or the ability to go out and get enough money to cover the day-to-day business of the Government of the Northwest Territories, Mr. Chairman. I would point out that even though the government has, at the present time, some $35 million of borrowing power, to my knowledge, we are not borrowing under that power because we do not need to. So even though we are saying there is a limit of $65 million under this bill, we certainly do not intend to go out and borrow that money unless we have to. But we would like to know if that money is available to us in the event that it is required. 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 176
John Pollard Hay River
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