Thank you, Madam Chairperson. In the smaller communities in the Northwest Territories, the government will purchase back a property from an employee who is transferred or who is leaving the employ of the government and moving from the community if the employee is unable to sell the house. The purchase price is ten percent below appraised value. The government, after purchasing the house, then puts the house on the market at appraised value. Typically, Madam Chairperson, we have recovered all of the costs in this program. At present none of this money has been spent. This money is in the budget in case it is needed in a smaller community. It is based on the estimate that we may need to purchase some housing units throughout the course of this fiscal year.
Charles Dent on Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on July 30th, 1999. 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
July 29th, 1999
Page 739
See context to find out what was said next.