This is page numbers 63 - 90 of the Hansard for the 13th Assembly, 7th Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was social.

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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

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The Chair John Ningark

Thank you. Does the committee agree that Bill 10 is ready for third reading. Agreed?

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

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Some Hon. Members

Agreed.

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

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The Chair John Ningark

Bill 10 is now ready for third reading. Thank you, Mr. Todd and Mr. Voytilla.

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

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The Chair John Ningark

We move on to Bill 11, Write-off of Assets Act, 1998-99. Mr. Todd is the lead Minister to make an opening remark. Mr. Todd.

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

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John Todd Keewatin Central

Thank you, Mr. Chairman and colleagues. The purpose of the Write-off of Assets Act, 1998-99, is to authorize the write-off of the granular program revolving fund assets listed in the schedule to the act. Pursuant to section 24 of the Financial Administration Act, the write-off of government assets or debts exceeding $20,000 must receive Legislative Assembly approval.

The write-off being proposed in this act would not require an increase in appropriation. The write-off would be charged against Public Works and Services appropriations and will not result in an over expenditure to that department. This write-off is comprised of two components. The first is to reduce the book value of the granular material on hand to the actual surveyed value. The second one is to account for the deterioration of the value of the granular material where there is no market due to lack of requirement or protocol in material where the stock value is too small to monitor on a cost-effective basis, or whether the remaining material is contaminated.

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

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The Chair John Ningark

That concludes your opening remarks, Mr. Todd? We have Mr. Erasmus to do opening remarks on behalf of the Standing Committee on Government Operations.

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

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Roy Erasmus Yellowknife North

Thank you, Mr. Chairman. The Standing Committee on Government Operations reviewed Bill 11, Write-off of Assets Act, 1998-99, at its meeting on March 23, 1999. The committee would like to thank the Minister of Finance and his officials for presenting the bill. This bill would write-off approximately $941,000 in stock piled granular material assets the Department of Public Works and Services held in the granular products revolving fund. In most cases, the write offs reduce the book value of the material to reflect the actual value. In some cases, stock piled material has no current value due to a lack of market, poor quality material by the small size of the stock pile. The committee understands that there will be no further granular production under the fund as it was not cost-effective. Mr. Chairman, the standing committee had no difficulty with this bill and this concludes the report of the Standing Committee on Government Operations on Bill 11, Write- off of Assets Act, 1998-99. Thank you, Mr. Chairman.

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

Page 88

The Chair John Ningark

Thank you. We shall proceed with general comments. At the witness table we have Mr. Todd and Mr. Voytilla, for the record. General comments. Clause by clause. We are reviewing Bill 11, Write-off of Assets Act, 1998-99. Clause 1. Agreed?

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

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Some Hon. Members

Agreed.

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

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The Chair John Ningark

Thank you. Clause 2. Agreed?

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

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Some Hon. Members

Agreed.

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

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The Chair John Ningark

Thank you. Page, schedule, total, $941,402.78. Agreed?

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

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Some Hon. Members

Agreed.

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

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The Chair John Ningark

Thank you. Bill as a whole?

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

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Some Hon. Members

Agreed.