Clause 2, does the committee agree?

Committee, to the bill as a whole, does the committee agree that Bill 24, an Act to Amend the Revolving Funds Act is now ready for third reading?

Thank you, committee. Bill 24, an Act to Amend the Revolving Funds Act is now ready for third reading.

Does committee agree that this concludes our consideration of Bill 24, an Act to Amend the Revolving Funds Act?

Thank you, Minister, and thank you to your witnesses. Sergeant-at-Arms, please escort the witnesses from the Chamber.

Committee, we have agreed to consider Tabled Document 437-19(2), Capital Estimates, 2022-2023. We will now consider the Northwest Territories Housing Corporation. Committee, the Northwest Territories Housing Corporation is included in the capital estimates as an information item, and the totals are not voteable. We will continue to review these estimates as we have for the previously considered departments; however, we will not vote on the totals. If Members have comments or questions, they can be raised at the appropriate time.

Does the Minister responsible for the Northwest Territories Housing Corporation wish to bring witnesses into the Chamber?

Yes, I would like to Madam Chair.

Thank you. Sergeant-at-Arms, please escort the witnesses to the Chamber.

Minister, will you please introduce your witnesses for the record.

Thank you, Madam Chair. To the left is president, Ms. Eleanor Young. And to the right vice-president, Mr. Jim Martin.

Thank you, welcome. The committee has agreed to forego general comments. Does the committee agree to proceed to the detail in the tabled document?

Committee, the Northwest Territories Housing Corporation begins on page 67 with -- defer the corporation totals and review the estimates by activity summary beginning on page 68 with finance and infrastructure services with information items on page 69.

Are there any questions from Members? Who else wants to speak to this? I miss you guys if I don't get you all written down. All right, start with Member for Yellowknife North.

Thank you, Madam Chair. I understand that we fund the Housing Corporation differently, because they're an arm's-length corporation, through a grant through the Department of Finance. And then they pass the information, they give us a capital number, and they consistently give us $10,625,000. But I'll note that the revised estimates for last fiscal were actually $70 million, and the revised estimates for the year before that were actually $21 million. So that's good. That's good that they say they're going to spend $10 million, and then they spend a lot more on capital.

But can someone just explain to me why -- well, let me start with how do we get to this $10 million number; what is it actually budgeted as? Thank you.

Thank you, Member. Minister of Housing.

Thank you, Madam Chair. I'll defer the question over to vice-president Jim Martin. Thank you.

Thank you. Mr. Martin.

Thank you. Member for Yellowknife North.

Thank you, Madam Chair. Can I get an explanation of what, I just want to fully understand this number, what capital is. So the budget for the Housing Corp is about $109 million, $10 million is for just capital. Does that mean this is only for new builds and anything to maintain units or bring them up to standard would be not capital? Thank you, Madam Chair.

Thank you. Minister of Housing.

Thank you, Madam Chair. The capital is for the retrofits that are listed on page 69 of the document. Thank you, Madam Chair.

Thank you. Member for Yellowknife North.