Thank you, Mr. Chairman. I think 68(1) refers to thinks that a municipal corporation may encourage. It may encourage economic development for municipal purposes including encouraging the establishment expansion, continuation of a business or interest or industry in the municipality. So it can, for instance, perhaps offer that it will pave a road out to an industrial development area or it may offer that we, in some other way, encourage the industry to establish itself there, but it is limited by subsection two in that it may not purchase shares in a corporation that's an established industry and it may not provide loans or guarantees to encourage the establishment of the industry in that area. Thank you, Mr. Chairman.
Mr. Aitken on Committee Motion 136-14(6) To Consult And Bring Forward Amendments To The Settlements Act , Carried
In the Legislative Assembly on October 8th, 2003. See this statement in context.
Committee Motion 136-14(6) To Consult And Bring Forward Amendments To The Settlements Act , Carried
Revert To Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
October 8th, 2003
Page 1346
Aitken
See context to find out what was said next.