Indian Act (R.S.C., 1985, c. I-5)

Marginal note:Expenditure of capital moneys with consent

• 64 (1) With the consent of the council of a band, the Minister may authorize and direct the expenditure of capital moneys of the band

  • (a) to distribute per capita to the members of the band an amount not exceeding fifty per cent of the capital moneys of the band derived from the sale of surrendered lands;

  • (b) to construct and maintain roads, bridges, ditches and watercourses on reserves or on surrendered lands;

  • (c) to construct and maintain outer boundary fences on reserves;

  • (d) to purchase land for use by the band as a reserve or as an addition to a reserve;

  • (e) to purchase for the band the interest of a member of the band in lands on a reserve;

  • (f) to purchase livestock and farm implements, farm equipment or machinery for the band;

  • (g) to construct and maintain on or in connection with a reserve such permanent improvements or works as in the opinion of the Minister will be of permanent value to the band or will constitute a capital investment;

  • (h) to make to members of the band, for the purpose of promoting the welfare of the band, loans not exceeding one-half of the total value of

    • (i) the chattels owned by the borrower, and

    • (ii) the land with respect to which he holds or is eligible to receive a Certificate of Possession,

    and may charge interest and take security therefor;

  • (i) to meet expenses necessarily incidental to the management of lands on a reserve, surrendered lands and any band property;

  • (j) to construct houses for members of the band, to make loans to members of the band for building purposes with or without security and to provide for the guarantee of loans made to members of the band for building purposes; and

  • (k) for any other purpose that in the opinion of the Minister is for the benefit of the band.

• Marginal note:Expenditure of capital moneys in accordance with by-laws

  (2) The Minister may make expenditures out of the capital moneys of a band in accordance with by-laws made pursuant to paragraph 81(1)(p.3) for the purpose of making payments to any person whose name was deleted from the Band List of the band in an amount not exceeding one per capita share of the capital moneys.