Thank you, Mr. Chairman. I had misunderstood. I thought that this was money that was going to be added to them so they could have a larger revolving fund. I know in speaking to the people in Yellowknife, they have no money to lend out because it has all been lent. The amount of money that gets paid back on a regular basis does not give them enough money on an annual basis to make any significant new loans. I had assumed we were increasing the amount of money they had to put into their revolving funds. Unfortunately, it makes it even worse than what I thought it was. I would like to speak very strongly for moving some of this money out of the Business Development Fund and into Community Futures, or to have regional groups take a look at some of the disbursement.
Charles Dent on Committee Motion 6-14(3): To Defer Activity, Corporate Management, Rwed (carried)
In the Legislative Assembly on June 26th, 2000. See this statement in context.
Committee Motion 6-14(3): To Defer Activity, Corporate Management, Rwed (carried)
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
June 26th, 2000
Page 177
See context to find out what was said next.