Finance committee  I believe that in essence what the budget and this act will do is...the Canada Millennium Scholarship Foundation will no longer exist after January 5, 2010. In August, or thereabouts, of 2009, a new grant will come into effect. That grant will be funded up to $350 million, and gr

Finance committee  There's very little left right now. They will expend about $350 million in 2009, and there will be very little left in the fund at that point.

Finance committee  The endowment will essentially be run down between now and late 2009. The Millennium Scholarship Foundation will continue to disburse bursaries for the school year 2008-09. By January 5, 2010, they should have expended almost all of their endowment fund, and whatever is left will

Finance committee  That's correct. Then in January and the six months following they will liquidate whatever is left of the assets. I'm not referring to their fund, but to any goods they own.

Finance committee  It won't be a major sum at all.

Human Resources committee  This amendment essentially removes any requirement for grant recipients to be eligible based on family income, as was just described. That means all students, irrespective of family income, may apply. I would say a rough estimate of the cost for this would likely be an additional

Human Resources committee  On the other part of the question, you're correct, this amendment would mean that the non-participating jurisdictions must put in place a grant—any grant. That grant doesn't necessarily have as its targeted audience first-year, first-time students. It doesn't necessarily have stu

Human Resources committee  It's an access grant for those students who are specifically laid out in today's regulations. That is correct.

Human Resources committee  If this amendment were to pass, they would have to put in place some form of a grant program, but not necessarily the grant program the federal government has set out currently.

Human Resources committee  For persons from low-income families and for persons with permanent disabilities.

Human Resources committee  Essentially, the non-participating jurisdiction could put in place a grant program, but that grant program could be targeted at a completely different audience from the Canada access grant target that has been set out by the government. We would still be obliged to make an altern

Human Resources committee  That is correct. It would not have to have the same outcome. So it could be any program that is similar to the example I gave earlier, where non-participating jurisdictions submit to us information on programs they are offering to post-secondary education but that are not substan

Human Resources committee  There would be no assurance. There would be no formal mechanism in place by which we could say, here's the control we put in place in order to ensure we are meeting the same outcomes through the alternative payments as we are through our direct grants and participating jurisdicti

Human Resources committee  Yes, absolutely. Quebec makes a request each year. Their agencies give us information and we analyze it. We go through all the information available. In some years, we may have to ask for more information. We do the analysis as the act requires and, at the end of the financial

Human Resources committee  Refused? At the end of the financial year, we send a statement in which we highlight the parts of the program that conform to the act and we show the payment.