Thank you, Madam Speaker. I guess the way the agreement is with CMHC is that we collect rent and then we use that to fund our O and M. They are funding us right now for a certain portion of O and M money. If we do not increase the rents, we are currently getting $45 million a year from the federal government for O and M, they would take that money back from us and it can amount into the millions and millions of dollars a year. Thank you.
Don Morin on Question 49-12(5): Status Of Rental Rate Structure
In the Legislative Assembly on February 10th, 1994. See this statement in context.
Further Return To Question 49-12(5): Status Of Rental Rate Structure
Question 49-12(5): Status Of Rental Rate Structure
Item 5: Oral Questions
February 9th, 1994
Page 65
Don Morin Tu Nedhe
See context to find out what was said next.