I know for this municipality... I don't know for Iqaluit specifically but municipalities, in general, have been borrowing money from this government to develop lands. I know of other municipalities where we've had write-offs, Inuvik, for example, for developing lands. What kind of review is being done to look at how we finance development of lands in municipalities where there's not a booming market? We've had problems, Inuvik, Ptarmigan Hill, Iqaluit, wherever this one is, and I'm sure there's other municipalities where we've had to write off some debentures. What work is being done to assist municipalities in developing lands without getting them into huge debt and huge financing costs?
Fred Koe on Bill 18: Supplementary Appropriation Act, No. 4, 1993-94
In the Legislative Assembly on November 8th, 1994. See this statement in context.
Bill 18: Supplementary Appropriation Act, No. 4, 1993-94
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
November 7th, 1994
Page 850
Fred Koe Inuvik
See context to find out what was said next.