Bill 7 Appropriation Act (Operation Expenditures), 2020-2021

Thank you, Mr. Speaker. I move, seconded by the honourable Member for Inuvik Boot Lake, that Bill 7, Appropriation Act (Operation Expenditures), 2020-2021, be read for the second time. This bill authorizes the Government of the Northwest Territories to make appropriations for operations expenditures for the 2020-2021 fiscal year. It also sets out limits on amounts that may be borrowed by the Commissioner on behalf of the government, includes information in respect of all existing borrowing and all projected borrowing for the fiscal year, and authorizes the making of disbursements to pay the principle of amounts borrowed. Thank you, Mr. Speaker.