Mr. Speaker, when the loan was made there was rigorous due diligence done by a third party. An extensive time, effort and money was spent to do that. We’ve committed to work with committee. We sent them the request in the winter. We just got feedback on the Opportunities Fund to look for options of how we move forward. There are other applications out there and we are very concerned about making sure that we manage the public purse properly, that we do have due diligence, that we take every step necessary to support business, but in a way that’s going to allow us not to be able to recover and protect the investment so that we’re not on the hook for it. Thank you.
Michael Miltenberger on Question 26-16(4): Protection Of Northern Jobs Under Opportunities Fund Investments
In the Legislative Assembly on October 19th, 2009. See this statement in context.
Question 26-16(4): Protection Of Northern Jobs Under Opportunities Fund Investments
Oral Questions
October 18th, 2009
Thebacha
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