Thank you, Madam Chair. Madam Chair, my question concerns in generalization under $1.5 million that was being loaned to Rankin under this new policy that we have passed by this government under the land development. What is going to happen if the demand over the next x number of months from different communities increase, so we have to end up with $10, $12, $15, $20 million to borrow or lend to these communities? Rankin Inlet being an non-taxed base municipality and not necessarily one of the largest in the Northwest Territories and this $1.5 million. What about these other communities? I am saying, would that cause a demand or a problem for the cash flow of this government if we lend out $20 or $30 million and will not be getting it back over five or 10 years? What would happen then, at the end of the day, division on April 1, 1999? Does the money that has to be paid back by the Hamlet of Rankin go to one or the other jurisdictions? Have those types of things been looked at? Thank you, Madam Chair.
Edward Picco on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on May 28th, 1997. See this statement in context.
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
May 28th, 1997
Page 1184
Edward Picco Iqaluit
See context to find out what was said next.