Agreed. Thank you. Page 2, schedule, debts forgiven, total, $686,765.63.
Debates of March 4th, 1997
Topics
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1094
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1094
Some Hon. Members
Agreed.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1094
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1094
Some Hon. Members
Agreed.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1094
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Some Hon. Members
Agreed.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
The Chair Jane Groenewegen
Agreed. Thank you. Bill 9 is now ready for third reading. Thank you, Mr. Voytilla. Thank you, Mr. Todd. Thank you. Next on our list is Bill 10, Supplementary Appropriation Act No. 3, 1996/97. Mr. Ootes.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Jake Ootes Yellowknife Centre
Madam Chair, I wonder if we can change that to Bill 12, to consider that first?
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Some Hon. Members
Agreed.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
The Chair Jane Groenewegen
Agreed. Thank you. Bill 12, Student Financial Assistance Act. Would Minister Dent have any opening remarks?
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Charles Dent Yellowknife Frame Lake
Thank you, Madam Chair. Bill 12, an Act to Amend the Student Financial Assistance Act, will increase the maximum aggregate of the principal amounts of loans outstanding under the Act. The current schedule lists that amount as $18 million. Bill 12 proposes to increase the amount to $20 million for the fiscal year 1996/97 and to $21 million in 1997/98, and subsequent years. The student loan fund was established in 1982. It has provided financial assistance to an increasing number of students in post-secondary programs. The amount of loans issued continues to exceed the amount of loans repaid, remitted, or written off each year. This is due to the increasing number of students accessing the program and higher education costs. Without a funding increase, there may not be sufficient funds for all new or continuing students to receive loans. Madam Chair, that concludes my opening remarks. I will be pleased to answer any questions Members may have about Bill 12.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
The Chair Jane Groenewegen
Thank you, Minister Dent. At this time I will ask Mr. Miltenberger, on behalf of the Social Programs Committee, to present the committee's comments upon review of the bill. Mr. Miltenberger.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Michael Miltenberger Thebacha
Thank you, Madam Chair. The Standing Committee on Social Programs has completed its review of Bill 12, an Act to Amend the Students Financial Assistance Act. The Department of Education, Culture, and Employment needs to amend the Act to increase the working capital in the student loan fund. The bill increases the ceiling from $18 million to $20 million in 1996/97 and $21 million in 1997/98. The growth in the number of students accessing the various types of students loans means there is insufficient working capital in the file to support the number of loans being requested. When the Standing Committee approved the 1996/97 main estimates for the...
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
The Chair Jane Groenewegen
Just a moment please, Mr. Miltenberger. I would ask the Members, I know it has been a long session, but we do need to retain the decorum in the House and I would ask for a little order please, Mr. Erasmus. At this time I would ask Mr. Roland to continue with Mr. Miltenberger's report. Mr. Roland.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Floyd Roland Inuvik
Thank you, Madam Chair. I believe he left off at the amount of $21 million in 1997/98. The growth in the number of students accessing the various types of student loans means there is insufficient working capital in the fund to support the number of loans being requested. When the standing committee approved the 1996/97 main estimates for the department, it was noted the student loan revolving fund would be over-expended before the end of the fiscal year, projected $18,430,000. The Minister did indicate, at that time, he would have to bring this bill to amend the loan ceiling. The standing committee has no concerns with the bill at this time.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Charles Dent Yellowknife Frame Lake
Madam Chair, I have staff available if necessary. Perhaps we could proceed and I will bring them in if it becomes necessary.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
The Chair Jane Groenewegen
Thank you. Does the committee agree that we move on to general comments? General comments. There are no general comments. We will move on to clause by clause. Bill 12, an Act to Amend the Student Financial Assistance Act on page 1, clause 1.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Some Hon. Members
Agreed.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Some Hon. Members
Agreed.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
The Chair Jane Groenewegen
Thank you. Does the committee agree that Bill 12 is ready for third reading?
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095
Some Hon. Members
Agreed.
Committee Motion 46-13(4): To Amend Sub-clause 3(6) Of Bill 7: Municipal Statutes Amending Act
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Page 1095