Thank you, Mr. Chairman. At present, the government pays grants in lieu of taxes for all government owned assets, including housing. The money which we have to pay grants in lieu of taxes, when the private owner gets the house in his name, we will not have to pay grant in lieu any more. That will leave us with a surplus in this account and we will take it and transfer it over to the rebate program to make sure we have some money to pay the rebates. It is revenue neutral.
Mr. Menard on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 26th, 1993. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
February 25th, 1993
Page 652
Menard
See context to find out what was said next.