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First Nations Fiscal Management Act

Version of section 49 from 2005-03-23 to 2006-03-31:

The following provision is not in force.

Marginal note:Mandate

 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.


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