Government of Canada / Gouvernement du Canada
Symbol of the Government of Canada

Search

First Nations Fiscal Management Act

Version of section 13 from 2005-03-23 to 2006-03-31:

The following provision is not in force.

Marginal note:Local revenue account

  •  (1) Local revenues of a first nation shall be placed in a local revenue account, separate from other moneys of the first nation.

  • Marginal note:Restriction on expenditures

    (2) Local revenues may be expended only under the authority of a law made under paragraph 5(1)(b).

  • Marginal note:Balanced budget

    (3) Expenditures provided for in a law made under paragraph 5(1)(b) shall not exceed the local revenues estimated for the year in which those expenditures are to be made, less any deficit accumulated from prior years.


Date modified: