Judy Foote on Questions on the Order Paper

With regard to the Community Development Fund and the Grand Bank Development Corporation (GBDC): (a) how much funding in total was allocated in 1991 to the GBDC under the Community Development Fund and was the funding received in a lump sum payment; (b) what organization administers the GBDC fund; (c) has the GBDC fund been exhausted and, if not, how much is left in this fund; (d) what is the annual operational cost of the GBDC; (e) what is the current status of the GBDC; (f) are there plans to change the GBDC status in the near future and, if so, (i) what are the details of any documentation stating the rationale for the change in status and, if not, (ii) will the GBDC be allowed to continue operating, in the interest of fulfilling its mandate, until such time as the initial funding on the Corporation’s balance sheet reaches zero; (g) should the GBDC cease to operate, what will happen to the unspent fund originally allocated under the Community Development Fund and the revenues being generated by money it has invested since the fund was established; (h) what is the status of the Community Development Fund allocated to (i) Trepassey, (ii) Gaultois, (iii) Botwood, (iv) South Side St. John’s; and (i) have any of those communities exhausted their funding and, if so, (i) were they permitted to continue their mandate until their funds were exhausted and, if not, (ii) was the unused portion of their funding given to another organization or agency to administer?