Agreed.
Debates of Nov. 2nd, 2000
This is page numbers 673 - 696 of the Hansard for the 14th Assembly, 3rd 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 chairman.
Topics
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 693
Some Hon. Members
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 693
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 693
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
Page 693
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 693
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 David Krutko
Bill 2 is now ready for third reading. With that, I would like to thank the Minister and his witnesses. Sergeant-at-Arms, would you escort the witnesses out, please.
We are now dealing with Bill 3, Forgiveness of Debts Act, 2000-2001. I would like to ask the Minister responsible for this bill if he has any opening comments. Mr. Handley.
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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Joe Handley Weledeh
Thank you, Mr. Chairman. Mr. Chairman, the purpose of the Forgiveness of Debts Act, 2000-2001 is to authorize the forgiveness of certain debts listed in this schedule through the Act. Pursuant to Section 25(1) of the Financial Administration Act, the forgiveness of a debt or obligation to the government exceeding $1,000 must receive Legislative Assembly approval.
When a debt is forgiven, no further collection action shall be pursued. The forgiveness being proposed in this Act will not require a new appropriation. Allowances for doubtful accounts were charged to an appropriation at the time it was determined that collection of the debt was considered unlikely.
The accounts being recommended are the result of bankruptcy, compromised settlements, and-or are in the public interest. In cases where a compromised settlement is reached, the following factors have been considered:
- • The possibility of future recoveries;
- • The cost to continue legal action; and
- • The value of security, for example, do the personal guarantees hold a realizable worth?
Mr. Chairman, I or the appropriate Minister are prepared to answer Member's questions on these proposed forgivenesses. Thank you.
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 David Krutko
Thank you, Mr. Minister. Does the committee responsible for Bill 2 have any comments? Mr. Dent.
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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Charles Dent Frame Lake
Thank you, Mr. Chairman. The Standing Committee on Accountability and Oversight reviewed Bill 3, Forgiveness of Debts Act on September 29, 2000. The committee would like to thank the Minister responsible for Finance and his officials for presenting the bill. This bill authorizes the forgiveness of debts in accordance with the Financial Administration Act. Section 25 of the Financial Administration Act requires an act with a forgiveness of any debt or obligation owed to the government that exceeds $1,000. This Act will forgive $264,529.71. When a debt is forgiven, the government has decided that the collection of the debt is not possible and no further action will be taken to recover the debt. Many accounts are forgiven as a result of bankruptcies and negotiated settlements. Forgiven debts do not require new appropriation. Allowances for doubtful accounts were charged to an appropriation when it was determined when collection was unlikely.
Mr. Chairman, following the committee's review, a motion was carried to report Bill 3, Forgiveness of Debts Act, 2000-2001 to the Assembly as ready for committee of the whole. Additional comments or questions from Members may be posed as we proceed. 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 694
The Chair David Krutko
Thank you, Mr. Dent. At this time, I would like to ask the Minister if he will be calling any witnesses. Mr. Minister.
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 694
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 694
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 694
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
Page 694
The Chair David Krutko
Sergeant-at-Arms, could you escort the witnesses in? For the record, Mr. Minister, could you introduce your witness?
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 694
Joe Handley Weledeh
Mr. Chairman, with me is Lew Voytilla, secretary to the Financial Management Board. Thank you.
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 694
The Chair David Krutko
Welcome. We are dealing with Bill 3, Forgiveness of Debts Act, 2000-2001. Are there any general comments? Detail? Does the committee agree to go clause-by-clause?
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 694
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
Page 694
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 694
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
Page 694
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 694
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
Page 694
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 694
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
Page 694
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 694
Some Hon. Members
Agreed.