First Nations Fiscal Management Act

Marginal note:Council resolution

• 90 (1) The council of a First Nation may submit to the Minister a resolution of the council requesting the payment to the First Nation of

  • (a) moneys held by Her Majesty for the use and benefit of the First Nation; and

  • (b) moneys to be collected or received in future by Her Majesty for the use and benefit of the First Nation.

• Marginal note:Information to accompany resolution

  (2) The resolution shall be accompanied by proof that

  • (a) the council has made a law respecting the financial administration of the First Nation under paragraph 9(1)(a) and the law has been approved by the First Nations Financial Management Board;

  • (b) the council has obtained independent legal advice and independent financial advice with respect to the risks of the payment of the moneys to the First Nation; and

  • (c) the payment of the moneys to the First Nation has been approved under section 91.