Mr. Speaker, that was a very good question. I do agree with my colleague's sincerity and genuine curiosity that this be done right.
First of all, the $25 million will be invested for physical renovations within the museum and also to do the reaching out that he describes. Second, this was an item in budget 2012, but it was not a high profile item.
We have in this country what is called the indemnification program, which is exactly what it sounds like. Over the years, the Government of Canada has had exposure liability of $1.5 billion per year to indemnify artifacts coming into the country and moving within the country. Typically in a calendar year that $1.5 billion is consumed in the first four or five months, and it is usually the large institutions that have access to it. These are institutions like ROM and Glenbow, and other institutions around the country. In budget 2012, which has already passed, we doubled the indemnification fund, from $1.5 to $3 billion per year.
The funding is there. There is $25 million to improve the institution here in the national capital, and there is the indemnification fund that local museums can tap into. If one thinks about what that means for local museums, there is no cost to them. They sign an MOU, become part of this national network, have access to the three and a half million items in the collection, 90% of which are in storage, apply for funding in the indemnification program and host items for the national museum locally.
In a sense, this is all about greasing the skids so we can get stuff moving around the country and local museums can have access to this. Most importantly, it is so local museums can tell narratives that are important to local communities. If they want to do narratives on women in sport or great Canadian scientists or great artists in this country, they can have access to the 13,000 items that are just sitting in the art bank right now. I saw it last night. They can access these things and have them in museums. They can have school kids going through their museum in off hours when the public is not there during early exhibits. They can breathe new life into fundraising for local museums.
That is what we are trying to do. The money is there. The independence is there. It is up to local museums to decide their local narratives and to have access to this bank. This is a good project and it is an important one. That is why, as I said, every museum association in this country has supported this initiative. Every historian we have talked to supports this initiative. Every single editorial, from the Toronto Star to the National Post to Maclean's magazine, has endorsed the bill and endorsed this proposal because they see it as something that is good for this country.