Thank you, Madam Chair. The draft legislation was reviewed by our own Department of Finance, the Financial Management Board Secretariat, and of course Justice. The section that the Member refers to merely exempts each and every application from going to Cabinet as a separate item. As the Financial Administration Act is written now, what would be required is for each and every one of the loans that we guarantee to go through Cabinet. That would be unnecessary and onerous, especially where dealing with 2,000 or so different applicants.
Goo Arlooktoo on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on June 3rd, 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
June 2nd, 1997
Page 1295
Goo Arlooktoo Baffin South
See context to find out what was said next.