Good day. Thank you so much.
My name is Eric Malara, and I am the director of the governance and reporting section of the Office of Infrastructure of Canada. I am accompanied by my colleague, Nathalie Lechasseur, director general of program integrations. Our presentation deals with section 14 of Part 4 of Bill C-30.
The federal gas tax fund is a permanent statutory index funding program. It currently transfers more than $2.2 billion a year to finance infrastructure in municipalities and First Nation communities.
A bill has been presented which is proposing a one-time transfer of $2.2 billion, which is double the amount that we had committed to give every year to Canadian municipalities. The bill also proposes to rename the federal gas tax fund, which would be henceforth known as the Canada community-building fund.
We would be pleased to answer any questions you may have.