Madam Speaker, I am pleased to follow up today on my question about a $75 million equalization payment that was committed to Nova Scotia. I asked the minister, at the time the payment was promised, if he could table the details of the $75 million agreement. It seemed to be a verbal arrangement but I think that anything worth $75 million should be committed to paper when it is between two levels of government. I thought that was a reasonable question.
I also asked if the transition payment would only happen one year, this year, or whether it would happen for the subsequent years for the term of the agreement. The minister replied that they had made the arrangement and that Nova Scotia was happy. However, this is not Nova Scotia. This is the House of Commons and it is our job as opposition members to find out the details of these arrangements and these deals and hold the government accountable.
I am again asking the very distinguished parliamentary secretary, who is here to answer the question today, whether the $75 million arrangement is only verbal or has it been committed to paper and whether it extend for more than one year. All we have seen in the media is that it is just for one year. Had the changes not been made, we would have had that equivalent amount for five years at least and maybe even till 2020, which is the extent of the term of the Atlantic accord.
Could the parliamentary secretary tell us whether the arrangement has been committed to paper, what the details are of the deal and whether it will continue on to subsequent years or is it just a one shot deal?