First Nations Fiscal Management Act

Marginal note:Mandate

49 The purposes of the Board are to

• (a) assist first nations in developing the capacity to meet their financial management requirements;

• (b) assist first nations in their dealings with other governments respecting financial management, including matters of accountability and shared fiscal responsibility;

• (c) assist first nations in the development, implementation and improvement of financial relationships with financial institutions, business partners and other governments, to enable the economic and social development of first nations;

• (d) develop and support the application of general credit rating criteria to first nations;

• (e) provide review and audit services respecting first nation financial management;

• (f) provide assessment and certification services respecting first nation financial management and financial performance;

• (g) provide financial monitoring services respecting first nation financial management and financial performance;

• (h) provide co-management and third-party management services; and

• (i) provide advice, policy research and review and evaluative services on the development of fiscal arrangements between first nations’ governments and other governments.