Thank you, Mr. Chairman. There is a little bit of detail in the bill, section 67(2) talks about a corporation being established where its shares are being held solely by the municipal corporation or jointly with one or more parties. The intent here is to allow municipalities to establish required shares in a corporation. So that's one of the kinds of investments that the law provides for. The bill itself does not go into a great deal more detail than that and that's an issue that in the implementation process we would expect to provide some more detail in the regulations.
Ms. Delancey 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 1345
Delancey
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