Mr. Speaker, insofar as the Atlantic Canada Opportunities Agency is concerned, with regard to the Community Development Fund, CDF, and the Grand Bank Development Corporation, GBDC, with regard to (a), during the 1990-91 fiscal year, the Government of Canada allocated $6 million in funding as a lump sum through Employment and Immigration Canada, to be administered by the Burin Peninsula Community Business Development Corporation, CBDC, to establish a community development fund for the Town of Grand Bank. As part of the funding agreement, the CBDC worked with a subcommittee, which later became incorporated as the Grand Bank Development Corporation, GBDC.
With regard to (b), there is no GBDC fund. Rather, the CBDC administers the CDF. The CBDC and the GBDC are parties to a memorandum of understanding that outlines the roles and responsibilities of each organization and assists the CBDC in fulfilling the terms and conditions of the funding agreement of the CDF.
With regard to (c), there is no GBDC fund. In 1995-96, the amounts disbursed for the CDF were exhausted; the agency is not disclosing the amount available from the return on investment, as such information could be exempted should it be requested under the Access to Information Act.
With regard to (d), the annual operational cost of the GBDC could also be exempted should it be requested under the Access to Information Act.
With regard to (e), the GBDC is currently a party to two contribution agreements with the agency, both of which are in good standing.
With regard to (f), there are no plans to change the GBDC’s status; with regard to (f)(ii), the agency has no information available.
With regard to (g), it is the responsibility of the CBDC to determine how it will fulfill the terms and conditions of the funding agreement related to the CDF.
With regard to (h), the agency has no information available. With regard to (i), the Agency has no information available.