Thank you, Mr. Chairman. The purpose of the Loan Authorization Act is to authorize the making of loans to municipalities. It is the requirement of the NWT Act that the lending of government funds be authorized by the Legislative Assembly. This act is an annual act which, for the 1992-93 fiscal year, will provide the authority to provide up to a maximum of nine million dollars. The municipalities that , have identified a requirement for loans include Fort Simpson, Fort Smith, Hay River and Yellowknife. The nature of municipal purposes for which these loans will be used include: the acquisition of capital equipment; the repair of the existing municipal property; and the development of new municipal infrastructure, such as subdivisions and buildings. Thank you, Mr. Chairman.
John Pollard on Motion To Amend Schedule, Bill 14, Carried
In the Legislative Assembly on March 31st, 1992. See this statement in context.
Motion To Amend Schedule, Bill 14, Carried
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
March 30th, 1992
Page 547
John Pollard Hay River
See context to find out what was said next.