Thank you, Mr. Chairman. The Standing Committee on Finance reviewed Bill 20, Loan Authorization Act, 1993-94 at its meeting in Yellowknife on March 23. The standing committee was pleased that the Minister of Finance and his staff were available to answer questions at that time. The standing committee is in agreement with the intent of this bill to authorize loans to municipalities. However, the committee was concerned about the possibility of municipalities receiving loans without having the ability to repay them. The government assured the committee that the communities must receive rate payer approval to borrow money. Once rate payer approval is granted, the municipalities must qualify against the criteria established by the Government of the Northwest Territories. These criteria are established to ensure that the municipalities have the ability to carry the debt load and repay the loan. Therefore, the committee agreed to recommend this bill to the House for consideration. Mahsi, Mr. Chairman.