Financial Administration Law

 

 

 

Malahat Nation

FINANCIAL ADMINISTRATION LAW

June 2017

WHEREAS:

1. Pursuant to section 9 of the First Nations Fiscal Management Act, the Council of a First Nation may make laws respecting the financial administration of the First Nation; and

2. The Council of the Malahat Nation considers it to be in the best interests of Malahat Nation to make a law for such purposes;

NOW THEREFORE the Council of Malahat Nation enacts as follows:

PART I - Citation

Citation

1. This Law may be cited as the Malahat Nation Financial Administration Law, 2017.

 

PART II - Interpretation and Application

Definitions

2. (1) Unless the context indicates the contrary, in this Law:

"Act" means the First Nations Fiscal Management Act;

"annual financial statements" means the annual financial statements of Malahat Nation referred to in Division 7 of Part IV;

"appropriation" means an allocation of money under a budget to the purposes for which it may be used; "auditor" means the auditor of Malahat Nation appointed under section 76;

"Board" means Malahat Nations Financial Management Board established under the Act;

"Board standards" means the standards established from time to time by the Board under the Act; "borrowing member" means a first nation that has been accepted as a borrowing member under section 76

• of the Act and has not ceased to be a borrowing member under section 77 of the Act; "budget" means the annual budget of Malahat Nation that has been approved by the Council;

"code" means a code adopted by Malahat Nation under the First Nations Oil and Gas and Moneys Management Act or a land code adopted by Malahat Nation under the First Nations Land Management Act;

 

"Commission" means the First Nations Tax Commission established under the Act;

 

"Commission standards" means the standards established from time to time by the Commission under the Act;

 

"Council" means the Council of Malahat Nation;