Thank you.
It's the government's position that there is no impediment currently to port authorities issuing bonds, much like their counterparts in the U.S. The question of the bonds being tax exempt is an issue that relates to the provisions of the Income Tax Act, I would think, and is not addressed in this legislation. It's not a tax-related legislation, but it does enable, for corporate financing purposes, the port to issue bonds. That is provided for in the letters patent of each port authority.
I don't know if Emile wants to speak to the issue of the timeliness, but touching on the issue of the leasing or licensing of port lands and the regime and restrictions pertaining to that activity, again, the substance of that is described in the letters patent for each port authority. It's not in the act itself, but there is a cross-reference to the letters patent, which provide the substance.