Thank you, Mr. Chairman. In terms of the why does it affect the fiscal framework, the Hydro Corp debt is included as part of the fiscal framework in our total debt picture. What we’re doing essentially here is moving the debt from the Hydro Corp into the GNWT as a short-term debt.
In terms of why it is an expenditure, I guess there’s really two sets of authorities that the Member has to keep in mind. The first set of authorities is the actual approval of the line of credit, which the authorities there are found in the Hydro Corporation Act. Then the actual payout of the line of credit, which the authorities there are in the Financial Administration Act.
The Financial Administration Act stipulates that when you pay out a line of credit such as this, you need an appropriation, because the payment has to come from the Consolidated Revenue Fund. To make a payment from the Consolidated Revenue Fund, you need an appropriation, and that’s what we’re seeking here.