Thank you, Mr. Chairman. I am here to introduce Bill 8, Write-off of Debts Act, 2013-2014. The bill authorizes the write-off of debts and assets listed in the schedule to the act.

Pursuant to Section 24 (3) of the Financial Administration Act, Legislative Assembly approval is required for the write-off of government debt that exceeds $20,000.

Pursuant to Section 82 (2) of the Financial Administration Act, Legislative Assembly approval is required for the write-off of a debt to a public agency that exceeds $20,000.

I wish to emphasize that a write-off of a debt does not relieve a debtor of the liability for repayment. The government or public agency will continue to collect the outstanding amount. Through continued monitoring by staff, future recovery of the debt may still be achieved.

The debts and assets being presented for write-off relate to the NWT Business Development Corporation.

That concludes my opening remarks. I would be pleased to answer any questions Members may have.