The conditions are that the money is to be used to pay the penalty imposed on the commission for refinancing their loan! The commssion originally borrowed the money from the Alberta Capital Finance Authority, which was set up by the provincial government so that municipalities could borrow money for projects to benefit their community. Taxpayers' dollars were used to set up the fund.
The way I see it is that this grant money is coming out of one pocket and going into another up there in Edmonton.
But it is a start! I think the province is finally realizing that the Aqua 7 Commission was treated unfairly many times back when it first started.
This latest move is a very positive step forward! Stay tuned.
No comments:
Post a Comment