Thank you, Mr. Chair. The Standing Committee on Government Operations concluded its review of Bill 54, Standard Interest Rate Statutes Amendment Act, on August 7, with a public clause-by-clause review held at the Legislative Assembly building.
The committee received submissions from the public. The committee supports the government changes to adopt a standard interest rate that will be applied to all GNWT overdue receivables, and will lower the interest rates currently charged by the GNWT on overdue accounts. Individual Membership may have additional comments or questions as we proceed with consideration of this bill. Thank you, Mr. Chair.