Thank you, Madam Chair. I'll have Mr. Martin respond. Thank you.
Thank you. Mr. Martin.
Thank you, Madam Chair. The aim of the corporation is to set aside a notional amount of $15 million a year, as was noted previously. For this year that we have tabled, for this review, we are below that amount, and currently, we're utilizing some additional dollars to support leveraging the other partners. Thank you, Madam Chair.
Thank you, Mr. Martin. Member for Yellowknife North.
Thank you, Madam Chair. I know the GNWT everywhere and all of our departments, and all of our arms-length ones have a massive infrastructure deficit. However, the GNWT has a financial responsibility policy that sets out how much can go into capital and covered by O and M, part of that is that the amortization has to be spent and that's linked to not letting our deferred maintenance get too out of control. When I see that we have a $40-million deficit in bringing our current stock up to where it should be, it seems like those numbers have got out of sync. Is the Housing Corporation required to follow the GNWT financial responsibility policy?
Thank you, Member. Minister.
Thank you, Madam Chair. I'll revert the question back to Mr. Martin. Thank you, Madam Chair.
Thank you, Minister. Mr. Martin.
Thank you, Madam Chair. Yes. The Housing Corporation, given its current corporate structure, we have an ability to manage within our overall funding sources. Our funding sources, as was mentioned previously, we have federal funding sources, we have our own source revenues, as well as GNWT resources. Those resources are allocated out between a combination of capital investment as well as O and M investment. We go through an annual business planning process each year, and we look at where those investment priorities, that mix of investment priorities, is best allocated. Thank you, Madam Chair.
Thank you, Mr. Martin. Anything else? Member for Yellowknife North.
Thank you, Madam Chair. This is the problem. I don't know to what level of oversight I should have of the Housing Corporation's budget, given it is arms-length. I have a lot of concerns with the Housing Corporation's budget and the way it does capital. Is the Minister willing to reach out to the Department of Finance and see what applying our GNWT financial responsibility policy to the Housing Corporation would look like, where the differences are? Thank you, Madam Chair.
Thank you, Member. Minister.
Thank you, Madam Chair. Yes. Thank you.
Thank you, Minister. All right. Are there any further comments or questions to this item? Seeing none, I remind the committee that the estimates for the Northwest Territories are included in the capital estimates as an information item only. The committee will not be voting on the activity total. Thank you, Members. Please return now to the Northwest Territories Housing Corporation summary found on page 64. Are there any further questions or comments? Seeing none, does committee agree that the consideration of the Northwest Territories Housing Corporation is complete? Mr. Norn.
Marsi cho, Madam Chair. I move that this committee defer further consideration of the estimates for the NWT Housing Corporation at this time. Marsi cho, Madam Chair.
Thank you, Mr. Norn. The motion is in order. To the motion.
Question.
Question has been called. All those in favour? All those opposed? The motion is carried.
---Carried
Consideration of the departmental summary has been deferred. Thank you, Minister and to your witnesses. Sergeant-at-Arms, please escort the witnesses out of the Chamber. Noting the clock, committee members, I will now rise and report progress.
Thank you, Mr. Speaker. Your committee has been considering Tabled Document 181-19(2), Capital Estimates 2021-2022, and would like to report progress, with two motions carried. Mr. Speaker, I move that report of the Committee of the Whole be concurred with. Thank you.
Thank you, Member for Inuvik Twin Lakes. Do we have a seconder? Member for Nunakput. All those in favour? All those opposed? The motion is carried.
---Carried
Orders of the day for Monday, November 2, 2020, at 1:30 p.m.:
Prayer
Ministers' Statements
Members' Statements
Returns to Oral Questions
- Question 358-19(2), Long-Term Care Facility
Recognition of Visitors in the Gallery
Acknowledgements
Oral Questions
Written Questions
Returns to Written Questions
Replies to Commissioner's Address
Petitions
Reports of Committees on the Review of Bills
Reports of Standing and Special Committees
Tabling of Documents
Notices of Motion
Motions
- Motion 21-19(2), Establishment of a Special Committee on Reconciliation and Indigenous Affairs
Notices of Motion for First Reading of Bills
First Reading of Bills
-
Bill 17, An Act to Amend the Corrections Act
-
Bill 18, An Act to Amend the Legal Profession Act
-
Bill 19, An Act to Amend the Student Financial Assistance Act
Second Reading of Bills
-
Bill 16, An Act to Amend the Income Tax Act
Consideration in Committee of the Whole of Bills and Other Matters
-
Bill 15, Miscellaneous Statute Law Amendment Act, 2020
- Committee Report 4-19(2), Standing Committee on Government Operations Report on the Review of the 2018-2019 Northwest Territories Human Rights Commission Annual Report
- Committee Report 5-19(2), Standing Committee on Government Operations Report on the Review of the 2018-2019 Annual Report of the Information and Privacy Commissioner of the Northwest Territories
-
Minister's Statement 77-19(2), National Housing Co‐Investment Fund
-
Tabled Document 165-19(2), Government of the Northwest Territories Response to Committee Report 1-19(2): Report on Long-Term Post-Pandemic Recovery - Recommendations to the GNWT
-
Tabled Document 166-19(2), Government of the Northwest Territories Response to Committee Report 2-19(2): Report on Long-Term Post-Pandemic Recovery - Recommendations to the GNWT
-
Tabled Document 167-19(2), Government of the Northwest Territories Response to Committee Report 3-19(2): Report on Long-Term Post-Pandemic Recovery - Recommendations to the GNWT
- Tabled Document 181-19(2), Capital Estimates 2021-2022
Report of Committee of the Whole
Third Reading of Bills
Orders of the Day
Thank you, Mr. Clerk. Colleagues, this House stands adjourned until Monday, November 2, 2020, at 1:30 p.m.
---ADJOURNMENT
The House adjourned at 2:31 p.m.
