Thank you, Mr. Chairman. When it initially was looked at and the discussion was held, 10 years, a decade, was thought to be a good starting point. Then we got the recommendation from committee to go to 20 years and we’ve concurred with that because we think it’s a substantial time frame and will give the fund a chance to build up some principle and some interest. So we concurred with that and I was under the impression that 20 to 21 years was pretty close to what was deemed to be a generation, I may be 10 years off, the Member said 30 years for a generation. But the point being that we’ve agreed to a substantial increase in the time to 20 years. Thank you.
Michael Miltenberger on Committee Motion 27-16(6): 17th Legislative Assembly Process Convention Referral Of Limited Category Of Regulations To Standing Committee, Carried
In the Legislative Assembly on August 23rd, 2011. See this statement in context.
Committee Motion 27-16(6): 17th Legislative Assembly Process Convention Referral Of Limited Category Of Regulations To Standing Committee, Carried
Consideration in Committee of the Whole of Bills and Other Matters
August 22nd, 2011
See context to find out what was said next.