What's in Place
What's in Place
Section 10(2) of the Northwest Territories Heritage Fund Act outlines the legislated requirements that must be included in the scope of the ten-year review as follows:
The Standing Committee on Government Operations is carrying out this review which will include briefings from national and international sovereign wealth funds, investment managers, the International Forum of Sovereign Wealth Funds, a literature review of academic research on sovereign wealth funds, and a review of investment policies and legislation related to sovereign wealth funds.Committee’s review intends to engage subject matter experts across sovereign wealth funds from other jurisdictions (both nationally and internationally), and other stakeholders who interact with the impact of sovereign wealth funds. Committee has particular interest in examining whether contributions to the fund are sufficient to maximize benefits to residents of the NWT, and how the Northwest Territories Heritage Fund’s expenditures can and should be spent. Committee intends toengage members of the public and non-governmental organizations for their input.
It is Committee’s plan to prepare a report that makes recommendations to improve the provisions and operations of the Northwest Territories Heritage Fund Act, and its ability to provide benefits for residents of the Northwest Territories. This report
will describe Committee’s observations after their briefings and research with recommendations to ensure the Heritage Fund is managed to its fullest ability and its operations remain sustainable.
When further information becomes available on public participation opportunities, it will be posted here.
Committee Report 22-20(1): Report on the Review of the 2023-2024 Public Accounts, Received and Adopted by the Assembly, Response from Government Requested Your Standing Committee on Public Accounts is pleased to provide its Report on the Review of the 2023-2024 Public Accounts and commends it to the House. Thank you, Mr. Speaker. Mr. Speaker, from January to April 2025, the Standing Committee on Public Accounts (committee) publicl
May 21st, 2025 – Reports of Standing and Special Committees
Committee Report 37-18(3): Standing Committee on Government Operations Report on Transition Matters Introduction The Standing Committee on Government Operations (SCOGO) is one of the standing committees of the 18th Legislative Assembly of the Northwest Territories charged with the responsibility of providing oversight over the ongoing business operations of the Government of t
August 22nd, 2019 – Reports of Standing and Special Committees
Consideration In Committee Of The Whole Of Bills And Other Matters Thanks, Mr. Chair. That's great. One of the mandate items reads as follows: "We will review and develop amendments to the Northwest Territories Heritage Fund Act in light of devolution to ensure a defined revenue stream and stronger public governance." Can the Minister or one of
March 6th, 2019 – Consideration in Committee of the Whole of Bills and Other Matters
Committee Motion 11-18(2): Tabled Document 1-18(2): Proposed Mandate Of The Government Of The Northwest Territories, 2016-2019, Addition Of Text Regarding Amendments To The Heritage Fund Act, Carried Thank you, Mr. Chair. Mr. Chair, I move that Table Document 1-18(2), Proposed Mandate of the Government of the Northwest Territories, 2016-2019, be amended on page 13 by inserting the words “We will review and develop amendments to the Northwest Territories Heritage Fund Act in l
February 24th, 2016 – Consideration in Committee of the Whole of Bills and Other Matters
Committee Report 11-16(6): Standing Committee On Priorities And Planning Report On Transition Matters Thank you, Mr. Speaker. Last but not least, report on transition matters. Introduction As the 16th Legislative Assembly draws to a close the Standing Committee on Priorities and Planning continues to monitor several ongoing issues and initiatives with government-wide impli
August 25th, 2011 – Reports of Standing and Special Committees
Bill 10 Northwest Territories Heritage Fund Act
August 25th, 2011
Bill