I’d like to call Committee of the Whole to order. The bills and other matters have been read into the House already today so we won’t need to repeat them. What is the wish of the committee? Mr. Menicoche.
Debates of March 12th, 2013
This is page numbers 2545 – 2580 of the Hansard for the 17th Assembly, 4th Session. The original version can be accessed on the Legislative Assembly's website or by contacting the Legislative Assembly Library. The word of the day was expenditures.
Topics
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
March 11th, 2013
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Kevin A. Menicoche Nahendeh
Thank you very much, Mr. Chair. The committee wishes to review Tabled Document 43-17(4), Tabled Document 44-17(4), Tabled Document 45-17(4) and Tabled Document 51-17(4).
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Some Hon. Members
Agreed.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
The Chair Daryl Dolynny
Welcome back, committee. Committee, we’re dealing with Tabled Document 43-17(4), Supplementary Estimates (Infrastructure Expenditures), No. 4, 2011-2012. We’ll be moving to Minister Miltenberger for opening comments.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Michael Miltenberger Thebacha
I am here to present Supplementary Estimates (Infrastructure Expenditures), No. 4, 2011-2012. This document outlines an increase of $6.810 million for capital investment expenditures in the 2011-2012 fiscal year for the Department of Transportation to provide appropriation authority to record the year-end valuation adjustment on the long-term debt associated with the Deh Cho Bridge Project.
I am prepared to review the details of the supplementary estimates document.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
The Chair Daryl Dolynny
Thank you, Minister Miltenberger. Do you have witnesses you’d like to bring into the Chamber?
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Some Hon. Members
Agreed.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
The Chair Daryl Dolynny
Thank you, committee. Sergeant-at-Arms, if you can escort our witnesses in, please. Thank you.
Minister Miltenberger, if you can introduce your witnesses to the House, please.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Michael Miltenberger Thebacha
Thank you, Mr. Chairman. I with me the deputy minister, Mike Aumond, and the deputy secretary to the FMB, Sandy Kalgutkar.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
The Chair Daryl Dolynny
Thank you, Minister Miltenberger. Mr. Kalgutkar, Mr. Aumond, welcome back to the House. General comments?
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Some Hon. Members
Detail.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
The Chair Daryl Dolynny
We’ll go into detail. Committee, we are dealing on page 5 of the supplementary appropriation, infrastructure expenditures. Mr. Bouchard.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Robert Bouchard Hay River North
Thank you, Mr. Chair. I’m just wondering if I can get a little bit more detail from the Minister on what this expenditure is for again.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Kalgutkar
Thank you, Mr. Chair. Every year the GNWT has to record the value of the outstanding debt at its real value versus its nominal value, so what this adjustment does is gives us an expenditure appropriate authority to do that.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
The Chair Daryl Dolynny
Thank you, Mr. Kalgutkar. Committee, again, page 5, Supplementary Estimates (Infrastructure Expenditures), No. 4, 2011-2012. Transportation, capital investment expenditures, highways, not previously authorized, $6.810 million. Mr. Bromley.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Bob Bromley Weledeh
Sorry, Mr. Chair. I’m just not quite there yet. We are re-evaluating things and so is this a transfer. No. This is a net cost. No, it’s not a net cost either. Maybe if I could ask for a little more explanation. I know there’s a straightforward explanation. Thank you.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Kalgutkar
Thank you, Mr. Chair. Every year, as the Member knows, the bonds are real return bonds, so every year at year-end we have to record the bonds at their real value, and what this appropriation is for is it gives the government the appropriation authority to record that adjustment.
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Consideration in Committee of the Whole of Bills and Other Matters
Kalgutkar
As of March 31st the
outstanding principal of the bond is around $182 million.