Finance committee  Certainly. The Nunavut Act, the Northwest Territories Act, and the Yukon Act provide that territorial governments have the authority to borrow money for territorial, municipal, or local purposes subject to approval by the Governor in Council. These identical amendments to the Northwest Territories Act in clause 214, to the Nunavut Act in clause 215, and to the Yukon Act in clause 216 provide the authority for the Governor in Council, upon the recommendation of the Minister of Finance, to do two things: one, to set the maximum amount up to which each territorial government may borrow; and two, to introduce new regulations specifying the definition of borrowing and other instruments to be included for the purpose of the limit, entities whose borrowing is to be measured, and the value that should be attributed to each type of borrowing for the purpose of the limit.