Thank you, Mr. Chairman. There will be a territorial legal entity created as a not-for-profit body that will be managed by a board made up of representation from the federal government, the territorial government and the regional aboriginal organizations. That body is the one that will receive the money. Then, at the regional level, there will be regional committees made up of the territorial government and the aboriginal communities or representatives. The aboriginal representation will outnumber the territorial for sure, and it is that body that will determine how the money allocated to the regions is going to be distributed and spent. There is an accountability requirement by that regional committee on spending the money and reporting back on what it's used for.

Mr. Chairman, the regional aboriginal organizations have already come up with a formula on how the money that comes will be distributed between each of the regions. They have a formula for that.

This is the proposal that was worked out before the change in federal government. I know the current federal government, of course, has the authority and the right and responsibility to change that if they chose to, but the creation of a territorial legal entity, the creation of regional committees was a decision made jointly by representatives of the federal government, our government and the aboriginal organizations. Thank you, Mr. Chairman.