I don’t want to get too far ahead of myself because I’ve committed to working with the standing committees on reviewing the guidelines and the investment policies. Part of the criteria of the fund is that we get investments of $400,000 from immigrant investors for five years and we have to repay the amount within the five-year period. It’s like a revolving fund where we get money coming in and we have to repay it after five years. The conditions are very tight. There’s no provision that...If we have any losses we have to cover it. So we want to make sure that we have well secured loans with good returns.
Bob McLeod on Question 183-16(3): NWT Opportunities Fund
In the Legislative Assembly on February 20th, 2009. See this statement in context.
Question 183-16(3): NWT Opportunities Fund
Oral Questions
February 19th, 2009
See context to find out what was said next.