I see here Mr. Chairman, that the Department of Finance had advised that $251,090 is expected to be recovered from the insurance underwriters. I would have to assume that this building was covered under the GNWT insurance policy, Mr. Chairman.
Debates of Oct. 16th, 1996
Topics
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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John Todd Keewatin Central
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Jake Ootes Yellowknife Centre
My concern Mr. Chairman is that the Development Corporation is really to be treated like a Crown corporation, and therefore it takes care of all its own insurance, and policies and so forth. Is this not correct?
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John Todd Keewatin Central
In this case, it does not appear to be. The $251,090 that my Honourable colleague is concerned about, is recovered under the insurance policies. There is a nil effect at the end of the day to the GNWT.
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Jake Ootes Yellowknife Centre
Yes, I appreciate that it did not cost this Government any money, with this particular payment out and recovery. What I am concerned about is, is the GNWT paying for the insurance costs of various facilities of the Development Corporation?
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John Todd Keewatin Central
I would have to check into that with the Minister, Mr. Chairman. I do not have an answer on that one at this time. It would appear in this case, that we are claiming under our insurance, so this building must have been covered under our insurance, to the tune of $251,090, and that the overall impact to this government is nil, because that will be recovered. I will check into whether in fact, the GNWT covers all buildings for the NWT Development Corporation. It is not a Crown corporation, it is a development corporation, the economic arm, of the new RWED department, which is funded through the GNWT on an annual basis. So I will check for my colleague, whether in fact the assets owned by the NWT Development Corporation are covered under our existing insurance policy or not, and if they are, whether the Development Corporation pays its associated costs of that insurance. Thank you.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Members
Agreed.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Members
Agreed.
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The Chair Vince Steen
Page 32,
Education, Culture and Employment
Capital, Culture and Careers, Special Warrants, $1,431,000.
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Members
Agreed.
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Members
Agreed.
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The Chair Vince Steen
Total department, Special Warrants, $1,431,000. Not previously authorized, negative $326,000.
Now, if Members agree, we will move to the Bill itself.
Bill 20, Supplementary Appropriation Act No. 1, 1996/97
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Members
Agreed.
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Members
Agreed.
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Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
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Members
Agreed.
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Members
Agreed.