The Liberal platform is promising legislation to protect the proposed Prosperity Fund from becoming a cash cow for desperate government spending.
The proposed fund would be stocked with billions of dollars in promised natural gas revenue to then be used to pay down the Province's debt.
However, Premier Christy Clark seems to have ruled out adopting the same "cash cow' protection for crown corporations like ICBC and BC Hydro, "Well, we are going to audit all the crown corporations, we have been doing that now, as you know. You know, they pay a dividend, ICBC pays a dividend to government and has for a long long, long time. That is the way it is structured as the shareholder, but you know the Prosperity Fund is a different kettle of fish."
Clark says the Prosperity Fund will also be used to pay down debt for BC Ferries, the Port Mann Bridge, and BC Hydro.