Thank you, Mr. Chair. I am here to present Bill 37, Financial Administration Act.
The modernization of the Financial Administration Act has been a long-term initiative as there has been no major review of the act since 1987. The FAA is intended to provide a legislative framework for the effective and efficient stewardship of government resources and accountability requirements for the management and use of these resources. Bill 37 will establish a framework for improved accountability, transparency and fiscal responsibility in respect of public money and other money administered by government and public agencies.
I will be prepared to answer any questions that committee members may have.