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$600,000 contribution to fund community well-being

$600,000 contribution to go to community well-being
Canadian Money
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Elliot Lake City Council voted in favour of transferring a $600,000 donation from the Nuclear Waste Management Organization (NWMO) to a reserve fund to benefit the community.

Council approved placing the money received from the NWMO into a community well fund at its regular meeting Monday evening.

“The reserve fund is maintained for the purpose of holding funds for the purpose of supporting projects, programs or services that benefit the community such as, but not limited to, youth or seniors, community stability, energy efficiency, economic development and other initiatives considered Community Well-Being,” the bylaw approved by council states.

The money and interest accumulated for the fund will not be used for any other purposes.


About the Author: Kris Svela

Kris Svela has worked in community newspapers for the past 36 years covering politics, human interest, courts, municipal councils, and the wide range of other topics of community interest
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