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First Nations Fiscal Management Act

Version of section 10 from 2006-04-01 to 2016-03-31:


Marginal note:Annual rate and expenditure laws

 A council of a first nation that makes a property taxation law shall, at least once each year at a time prescribed by regulation, make

  • (a) a law under paragraph 5(1)(a) setting the rate of tax to be applied to the assessed value of each class of lands, interests or rights; and

  • (b) a law under paragraph 5(1)(b) establishing a budget for the expenditure of revenues raised under the property taxation law.

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