Thank you, Mr. Chair. Mr. Chair, Bill 5 has been brought forward as a result of a recommendation from the Standing Committee on Economic Development and Infrastructure, in May of 2009, to strengthen security requirements for commercial or industrial leases of Commissioner’s land.

The goal is to require enough security to cover the costs of any remediation required to return the land to a condition that is satisfactory to the Minister or a person authorized in the regulations.

The bill contains clauses making performance security a condition of commercial and industrial leases, it sets out the factors to be considered when determining the amount of the security, and includes a new regulation-making authority respecting the position of security for commercial and industrial leases. The bill before committee today also includes some additional amendments that I was happy to concur with during clause-by-clause review by the Standing Committee on Economic Development and Infrastructure.

I am prepared to answer any questions you may have.