It is a complicated matter and a lot of concerns have to be brought forward. Just for clarification, there are only three sources of borrowing, other than that we do have lot of grants and contributions programs. Two of those sources of borrowing are in Resources, Wildlife and Economic Development, and the other one is with the Northwest Territories Development Corporation. People can only get loans from the Business Credit Corporation or from Community Futures Organizations. Then, with the Northwest Territories Development Corporation, the corporation will, in a sense, loan money by buying into or taking preferred shares in a venture. Other than that, it is grants and contributions that are provided, whether it is through BDF or hunters and trappers or other avenues that we have.
Joe Handley 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 163
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