Financial Components Clause Samples
Financial Components. The Final Agreement will provide the Maa-nulth First Nations with capital transfers over 10 years, less any outstanding negotiation loans. Over a 25-year period, the Maa- nulth First Nations will receive annual resource revenue sharing payments which will vary depending on actual provincial stumpage revenues. Huu-ay-aht First Nations will receive an additional $900,000 payment over a period of five years. All resource revenue sharing payments will be indexed to inflation. Under the terms of the Fiscal Financing Agreements, the Maa-nulth First Nation governments will deliver agreed upon programs and services. For programs and services provided by Canada or British Columbia that are not included in the Fiscal Financing Agreements, the Maa-nulth-aht will continue to be able to access programs and services for which they are eligible. The Fiscal Financing Agreements will be renegotiated every eight years. M A A - N U L T H F I N A L A G R E E M E N T The Fiscal Financing Agreements provide annual transfers from Canada and British Columbia to the Maa- nulth First Nations to support the delivery of agreed upon programs and services, as well as funding to support activities to implement the treaty. The agreements provide for time- limited and ongoing funding. Time-limited funding will support: fisheries management, National Parks and Marine Conservation Areas, treaty management and capacity development and support. Ongoing funding will support programs and services such as: health, social development, education, local programs and services and physical works; and incremental implementation and governance activities such as lands and resource management and self-government. The Maa-nulth First Nations will contribute to the funding of agreed-upon programs and services from their own sources of revenue. The Own Source Revenue Agreements negotiated among Canada, British Columbia, and the Maa-nulth First Nations set out how Maa-nulth First Nations’ contributions will change in step with their capacity to generate revenues.
Financial Components. The Tsawwassen Final Agreement will provide Tsawwassen First Nation with a capital transfer of approximately
Financial Components. Under the Final Agreement, Lheidli T’enneh will receive a capital transfer of $16 million (2016$), to be paid out over a 10-year period. Lheidli T’enneh will pay back to Canada, over the same period, the loans taken to negotiate the treaty. Additionally, Lheidli T’enneh will receive 50 annual resource revenue sharing payments of $493,000, starting on the first anniversary of the treaty effective date. Resource revenue sharing payments will be indexed to inflation. Funding for the programs and services that the Lheidli T’enneh government has agreed to administer will be provided through the Fiscal Financing Agreement, renegotiated every five years, which provides for fiscal transfers from Canada and British Columbia. These transfers support program and service delivery by Lheidli T’enneh to its citizens and residents, as well as funding to support activities to implement the treaty. The agreement provides for one- time and ongoing funding: one-time funding is $14.8 million; ongoing funding will be $2.2 million per year. The Lheidli T’enneh Final Agreement represents a fundamental change in the fiscal relationship between the federal government and Lheidli T’enneh. The Lheidli T’enneh government will have strengthened autonomy and be fully accountable to its members and residents of its treaty settlement lands for financial decisions. The Lheidli T’enneh government will also be accountable to other public governments for the financial transfers it receives, so the government that provides the funding can ensure that public funds were used for their intended purposes. One of the goals of a treaty is to reduce a First Nation’s reliance on government funding over time. Lheidli T’enneh will contribute to the funding of agreed-upon programs and services from its own sources of revenue. The Own Source Revenue Agreement negotiated among Canada, British Columbia and ▇▇▇▇▇▇▇ T’enneh sets out how the First Nation’s contribution to the costs of programs and services it delivers to its citizens and residents will change in step with its capacity to generate revenues.
Financial Components