Mr. Speaker, I move, seconded by the honourable Member for Monfwi, that Bill 11, Financial Administration and Public Agency Statutes (Borrowing Provisions) Amendment Act, be read for the second time.

This bill amends the Financial Administration Act as well as statutes respecting five public agencies to enhance Financial Management Board oversight of activities of the government and public agencies that constitute borrowing for the purposes of the Northwest Territories borrowing limit regulations made under the Northwest Territories Act.