I have another return, asked by Mr. Steen on June 2, 1997 regarding land development and pricing policies. When the hamlet owns the land within its community boundaries, it can charge whatever it wants for lease fees on existing lots. The less it charges, the less revenue it has. However, in Tuktoyaktuk, the hamlet does not yet own the land. It is Commissioner's land and MACA administers it on behalf of the hamlet. The Land Pricing Policy applies and the minimum lease rental is generally $600 per year. There are some exceptions, such as for seniors and non profit organizations, where the rental is reduced.
Each community that wishes to take over ownership and control over the land must develop its own pricing rules, which are set out in a land administration bylaw. This process is currently underway in Tuktoyaktuk. Until ownership is transferred however, the land will remain under the administration of the GNWT and the $600 minimum lease rental will apply. Thank you, Mr. Speaker.