Mr. Chairman, the Standing Committee on Social Programs, reviewed Bill 18, an Act to Amend the Public Trustee Act. This Bill will eliminate the Special Reserve Fund and allow access interest earned by the investment of the Common Fund to be paid straight into the Consolidated Revenue Fund.
In reviewing the legislative proposal earlier this summer, Members had a number of questions about the past use of the Special Reserve Fund. These questions were addressed to the satisfaction of the Committee. The Standing Committee on Social Programs has no concerns with this Bill. Thank you, Mr. Chairman.