Thank you, Madam Chair. It’s shown as a one-time revenue to the Government of the Northwest Territories. As we spoke previously, revenue earned by the NWT Opportunities Fund is considered separately from the revenues from the GNWT. As part of the decision to invest part of the retained earnings of the NWT Opportunities Fund into economic investment programs for the GNWT, a payment was made by the NWT Opportunities Fund in 2012-13 and that payment is hereby reflected as $1.043 million. That funding was received by the GNWT and shown as revenue in the Department of ITI’s budget, but it’s treated as revenue to the general revenue to the Government of the Northwest Territories. Thank you, Madam Chair.
Peter Vician on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on February 19th, 2013. See this statement in context.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
February 18th, 2013
Peter Vician
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