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Finance committee Thanks, Garima. These revenues are about $17 million of the available revenue that those first nations, if they choose to use it, can use to secure loans.
June 1st, 2021Committee meeting
Leane Walsh
Finance committee Sure. For this type of loan, there is no collateral. Instead, it is very much a cash-based loan. It's really used to pay the principal and interest on the loan. I hope that answers your question.
June 1st, 2021Committee meeting
Leane Walsh
Finance committee Thanks for that, Garima. There are first nations in NWT already participating in the act. Salt River First Nation, for instance, works quite well with the finance authority and has used those tools to help advance development in its community. Also, there are 15 self-governin
May 17th, 2021Committee meeting
Leane Walsh