Thank you, Mr. Chairman. The purpose of the Write-off of Assets and Debts Act, 1992 is to authorize the write-off of certain debts listed in the schedule to the act. Pursuant to the Financial Administration Act, the write-off of government assets or debts exceeding $20,000 must receive Legislative Assembly approval. The write-offs being proposed in this act will not require a new appropriation. The write-offs will be charged against allowances for bad debts which were established in previous departmental budgets, at a time that it is determined collection of the debts would be unlikely.
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 548
John Pollard Hay River
See context to find out what was said next.