That is correct. There is half a million dollar limitation under the Financial Administration Act at this time.
John Todd on Question 10-13(5): Partnership Legislation
In the Legislative Assembly on October 21st, 1997. See this statement in context.
Further Return To Question 10-13(5): Partnership Legislation
Question 10-13(5): Partnership Legislation
Item 6: Oral Questions
October 20th, 1997
Page 17
John Todd Keewatin Central
See context to find out what was said next.