Mr. Samuel Millar (Director General, Corporate Finance, Natural Resources and Environment, Economic Development and Corporate Finance, Department of Finance) at the Finance Committee

Thank you, Chair.

Happy birthday to Mr. Fraser.

I am Sam Millar, from the Department of Finance. I am here to speak to clause 201.

The proposed measures in this clause would provide clear statutory authority for the Minister of Finance to make payments to the Government of Newfoundland and Labrador as required by the 2019 Hibernia dividend backed annuity agreement with the province.