Thank you, Mr. Chair. The revolving fund is a division of the Department of Infrastructure. In a technical sense, yes, it would be part of our department. The payback of that shows up in the accumulated surplus, that difference in the authorized limit between the assets and the liabilities of the fund. That accumulated surplus amount that we build up is where we build up room to be able to buy new assets, pay off the old ones, and reimburse the GNWT as a whole on that. Thank you, Mr. Chair.
Mr. Mccormick on Consideration in Committee of the Whole of Bills and Other Matters
In the Legislative Assembly on March 8th, 2018. 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
March 8th, 2018
Mccormick
See context to find out what was said next.