Thank you, Mr. Speaker. No. We had a long discussion around resource revenue sharing and the projected timeline for money to flow to northern governments. Optimistically, we were talking about probably 2007-08. Federal legislation would have to be changed in order for us to start to receive royalty revenues. What we were talking about was a way to bridge us to that point. We have pressing needs of communities up and down the valley now. We know royalty revenues can't flow until 2007-08. We have a need now. We needed a bridge to get us there. That is why we entered into this discussion around the socioeconomic impact fund that would take us until the time that our revenues started to flow from that. Thank you, Mr. Speaker.
Brendan Bell on Question 20-15(4): Socioeconomic Impacts Of Pipeline Development
In the Legislative Assembly on May 26th, 2005. See this statement in context.
Further Return To Question 20-15(4): Socioeconomic Impacts Of Pipeline Development
Question 20-15(4): Socioeconomic Impacts Of Pipeline Development
Item 7: Oral Questions
May 25th, 2005
Page 40
See context to find out what was said next.