moved for leave to introduce Bill C-280, an act to amend an act to amend the Debt Servicing and Reduction Account Act (gifts to the Crown).
Mr. Speaker, this bill involves gifts to the crown, particularly when someone makes a donation to the debt servicing and reduction account. Presently it is a bit of smoke and mirrors and tends to result in a reduction of the deficit.
This bill would cause the crown to keep the money in a special account where it must stay until such time as the budget was balanced and it could then be used for debt reduction.
(Motions deemed adopted, bill read the first time and printed.)