Thank you, Mr. Chair. I am pleased to introduce Bill 9, Forgiveness of Debts Act, 2013.2014. The bill authorizes the forgiveness of debts listed in the schedule to the act.
Pursuant to Section 25 of the Financial Administration Act, Legislative Approval is required to forgive a debt to government that exceeds $1,000.
Pursuant to Section 83 of the Financial Administration Act, Legislative Assembly approval is required to forgive a debt owed to a public agency that exceeds $1,000.
The debts being recommended for forgiveness are as a result of death, compromise settlements, a business no longer in operation, or in the public interest.
That concludes my opening remarks. I would be pleased to answer any questions Members may have. Thank you.