Mr. Speaker,

I MOVE, seconded by the honourable Member for Inuvik Twin Lakes that Bill 10, Public Highway Improvement Fund Act, be read for the second time.

Mr. Speaker, this bill establishes the Public Highway Improvement Fund. Trip permit fees and administrative penalties collected under the authority of the Commercial Vehicle Trip Permit Act must be paid into the fund and, subject to an appropriation, amounts can be paid out of the fund to pay costs associated with the improvement of primary highways, the principal and interest on loans taken to finance the improvement of primary highways and costs of administering the Commercial Vehicle Trip Permit Act. Thank you, Mr. Speaker.