My understanding is the BCC is paying this interest to Economic Development and Tourism and to the Department of RWED. It could be being paid to FMBS. I suppose it really doesn't matter. It's being paid to the government.
Brendan Bell on Committee Motion 3-15(3): To Delete $120,000 From The Financial Management Board Secretariat Budgeting And Evaluation Re Foregone Interest, Defeated
In the Legislative Assembly on March 22nd, 2004. See this statement in context.
Committee Motion 3-15(3): To Delete $120,000 From The Financial Management Board Secretariat Budgeting And Evaluation Re Foregone Interest, Defeated
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
March 22nd, 2004
Page 180
See context to find out what was said next.