The Corporation has a purchasing policy to ensure that when purchasing goods and services the best value for the Corporation’s Customers and shareholders has been obtained while prioritizing Northern Suppliers, where possible, to support Northern Businesses, workers, and the economy.
This policy is to ensure that commitments made on behalf of the Corporation are consistent with the Financial Administration Act in respect to the duties of a "deputy head" and within the constraints of the Act. This policy identifies signing authority authorized to the President and CEO including the delegation of signing authority.
This policy provides guidance on the proper use and accounting for sinking fund investments. The sinking fund’s purpose is to invest sinking fund contributions, which together with income earned, will be sufficient to repay the principal amount of the debenture at maturity as required by the sinking fund provisions.