The clarification has changed. The way it happened in the past is that you had a business loan fund at the regional level, with regional input through the regional superintendent who had a $50,000 lending authority; what I am told is -- whatever you are doing with this new NWT Credit Corporation -- that, in fact, there is not going to be any system in place that says we will have a committee of two, three or whatever. It is going to be left solely to the discretion of the superintendent. In other words, a civil servant, if you want, will determine who the good guys are and who the bad guys are, and who gets the money and who does not get the money. I am wondering if I am correct. Maybe the information that I have is not correct.
John Todd 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 322
John Todd Keewatin Central
See context to find out what was said next.