Thank you, Mr. Chairman. Mr. Chairman, the program, as it's laid out, is based on Yellowknife rates, so those that receive the subsidy would be paying higher than the Yellowknife rate and that is the program and we'll stay on that. The changes in dealing with the rate rider will work on the same principle. If we find, for example, the Yellowknife base rate goes up, then so will everybody else's rate go up accordingly, because Yellowknife, again, is used as the base rate and if it goes up then the subsidy will kick in from that rate up. So the rest of the residents of the North will feel, if the base rate goes up, a bit of an increase, as well, on how that would work. The subsidy will not change in how it's applied. Thank you.
Floyd Roland on Committee Motion 21-15(3): Recommendation To Resolve The Sirius Diamond Receivership Issue, Carried
In the Legislative Assembly on February 15th, 2005. See this statement in context.
Committee Motion 21-15(3): Recommendation To Resolve The Sirius Diamond Receivership Issue, Carried
Item 20: Consideration In Committee Of The Whole Of Bills And Other Matters
February 15th, 2005
Page 1260
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