Thank you, Mr. Chairman. The thinking was that the fund, we’re creating an instrument that at this point is only that. It’s a tool that’s an instrument that’s there to be invested in. We have work to do. We have not decided if there’s going to be money put into it. We anticipated for the first 10 years to get the fund up and running it would be best done through the Financial Management Board through the policies and procedures that are currently in place. The main concern being not wanting to generate expenses when we have no revenues in which to cover those if we have to create a board and an arm’s length operation. Clause 10 of this bill at the review period lays out very clearly that that would be one of the things that could be considered at that time, whether such a board may be necessary or called for at that particular point.
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.