Thank you, Mr. Chairman. Under the Revolving Fund Act, our mandate is to break even on operating costs versus revenue. There is a special legislation attached to the Revolving Fund Act, the petroleum products division, which provides for a price stabilization fund. The price stabilization fund sits off to the side and the intent of that fund is to collect small losses or gains on a year-to-year basis, to a maximum of $5 million. So we are allowed to carry a deficit to a maximum of positive or negative $5 million. At the point it reaches that maximum, any shortage must be made up through an appropriation through the department. Any excess flows to general revenues.
Mr. Austin on Committee Motion 25-14(3): Recommendation For A Revised Government-wide Record Management Plan For Incorporation By March 2001 (carried)
In the Legislative Assembly on July 6th, 2000. See this statement in context.
Committee Motion 25-14(3): Recommendation For A Revised Government-wide Record Management Plan For Incorporation By March 2001 (carried)
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
July 6th, 2000
Page 571
Austin
See context to find out what was said next.