Indian Bands Revenue Moneys Regulations (C.R.C., c. 953)

Short Title

1 These Regulations may be cited as the Indian Bands Revenue Moneys Regulations.

Interpretation

2 In these Regulations,

account

account means the account of a Band established pursuant to section 5; (compte)

Band

Band means

• (a) a band listed in the schedule to the Indian Band Revenue Moneys Order, or

• (b) any other band permitted to control, manage or expend its revenue moneys in part pursuant to subsection 69(1) of the Indian Act. (bande)

3 [Revoked, SOR/93-244, s. 2]

General

4 Any expenditure by a Band of its revenue moneys shall be subject to the Indian Act.

5 Every Band shall establish an account with a chartered bank, a trust or loan company or a credit union or caisse populaire.

• 6 (1) Every Band shall authorize three persons, two of whom shall be members of the Band, to sign cheques or orders for payment of money drawn on its account.

• (2) Every cheque or order for payment of money drawn on the account of a Band shall be signed by at least two of the persons authorized by the Band pursuant to subsection (1).

7 Where the Minister has, pursuant to section 66 of the Indian Act, authorized or directed the expenditure of revenue moneys of a Band, the amount of moneys so authorized or directed to be expended shall be paid to the Band's account out of the Consolidated Revenue Fund.

• 8 (1) Every Band shall engage an auditor to audit its account and to render an annual report in respect thereof.

• (2) A copy of the auditor's annual report shall, within seven days of its completion,

  • (a) be posted in conspicuous places on the Band Reserve for examination by members of the Band; and

  • (b) be supplied to the Minister of Indian Affairs and Northern Development.