Thank you, Mr. Chair. Mr. Chair, I mean, in this exact moment we are compliant, but depending on where the final numbers come in at the end of the fiscal year and all reconciliations and accountings are complete, if we are running a deficit there could become -- you do a complete calculation in terms of the available balance for the -- to provide for the 50 percent of capital funding. If the deficit becomes too significant, there is a risk that we would be offside of that in terms of not meeting the 50 percent. However, within that policy, there is a two-year timeline within which, if there is an occasion where we come offside of one of the provisions, not only that of providing for 50 percent capital but including if we were, for example, to go over on the percentage of interest, which we are not, but if there is one of those events that occur, that we have a two line -- two-year timeline within which to put ourselves back in compliance. Thank you.
Caroline Wawzonek on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 27th, 2024. 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
February 28th, 2024
Page 307
See context to find out what was said next.