There are certain guidelines placed upon ventures that may start losing money, and if it gets outside of that envelope that has been placed on it by the Financial Management Board, then the NWT Development Corporation would have to report that back to the Financial Management Board for a decision, so it is not as though you can go and lose all kinds of money. There is a limit that has been set down by the Financial Management Board, and hopefully those businesses stay within that loss factor. If it does not, obviously it would have to go back to the Financial Management Board for decision. Thank you, Mr. Chairman.
John Pollard on Bill 14: Appropriation Act, No. 1, 1992-93 And Committee Report 3-12(2)
In the Legislative Assembly on March 6th, 1992. See this statement in context.
Bill 14: Appropriation Act, No. 1, 1992-93 And Committee Report 3-12(2)
Item 18: Consideration In Committee Of The Whole Of Bills And Other Matters
March 5th, 1992
Page 324
John Pollard Hay River
See context to find out what was said next.