Commitments

(in thousands of dollars)

Year ended March 31, 2008

(a) The Corporation has approved financing of $11,300 (2007 - $9,715) that is undisbursed at year-end.

(b) The Corporation administers strategic investments on behalf of the Province of Nova Scotia that permit approved businesses to receive a percentage of payroll taxes paid as a rebate. Expenses incurred by the Corporation are match-funded by the Province of Nova Scotia in the form of a Strategic Investment Grant. As at March 31, 2008, transactions were approved with maximum annual payments over the next six years of $131.9 million (2007 - $109.7 million) as shown below.

2009$ 23,265
201028,610
201127,347
201225,876
201316,782
201410,028
 $ 131,908