Thank you, Mr. Chair. The whole idea of having the budget cycle, capital budget cycle, in October was to give an opportunity to approve the capital budget for the following fiscal year that takes effect April 1st. That gives them the winter to plan, and they could possibly get their materials and everything ordered that winter. I think the actual approval of the money takes effect on April 1st, but that is not to say that they cannot start awarding the contract and spending the money before then. That is why we tried to have the capital budget in October, was to get away from having it approved April 1st and then it takes them a couple of stuff to get all of their stuff ordered, and then it takes a couple more months to get it here, and then it's November by the time they start building, and then, as I said before, 10 percent cold weather clause kicked in and it was quite lucrative. Thank you, Mr. Chair.
Robert C. McLeod on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on June 4th, 2019. 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
June 4th, 2019
Page 5759
See context to find out what was said next.