Mr. Speaker, once again that member and that party are absolutely wrong.
First, treasury board guidelines and the agreement signed between the federal government and the particular local agency allow for loans over $125,000. If the hon. member did his job and actually did his research instead of just reading the paper, he would have known that.
By the way, that is a loan given on a commercial basis with repayment and with an interest rate much higher than what someone would pay in the private sector.