Thank you, Madam Chair. The allocation of the $120 million is on the basis of the net fiscal benefit arrangement under the Devolution Agreement, which reflects the sharing of the royalties collected by the GNWT at a ratio of 50 percent, up to 5 percent of the gross expenditure base. That adjustment would be reflected in the Department of Finance’s accounting at this point. Further to that is the allocation of the 25 percent collected from the GNWT portion that would then be remitted to the Aboriginal organizations of the Northwest Territories.
Peter Vician on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on February 25th, 2014. 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 24th, 2014
Peter Vician
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