First Nations Fiscal Management Act — F-11.67 2
f revenues collected by His Majesty in right of Canada on the First Nation’s behalf unless an agreement between them specifically permits their use as security for a loan referred to in paragraph 74(b) and any other applicable conditions are satisfied; (g) revenues, other than local revenues, received by a First Nation from businesses wholly or partly owned by it, including dividends from shares owned by it; (h) transfers from a provincial, regional, municipal or local government to a First Nation; (i) transfers from His Majesty in right of Canada to a First Nation if the agreement governing the transfer specifically permits the use of the transfer as security for a loan referred to in paragraph 74(b) and if any other applicable conditions are satisfied; (j) interest earned by a First Nation on deposits, investments or loans, other than interest held by His Majesty in right of Canada on the First Nation’s behalf; and (k) revenues prescribed by regulation. ( autres recettes ) property taxation law means a law made under paragraph 5(1)(a). ( texte législatif relatif à l’imposition foncière ) right , in relation to reserve lands in Quebec, means any right of any nature in or to the lands, including any right to occupy, possess or use the lands and any right of a lessee, but does not include title to the lands that is held by her Majesty. ( droit ) secured revenues trust account means an account established by the First Nations Finance Authority and a First Nation in which other revenues to be used for financing under this Act are maintained. ( compte de recettes en fiducie garanti ) third-party management [Repealed, 2023, c. 16, s. 3] Indian Act definitions (2) Unless the context otherwise requires, words and expressions used in this Act and not otherwise defined have the same meaning as in the Indian Act . Extended meaning of “borrowing member” (2.1) For the purpose of sections 57, 59, 74, 77, 78, 83 and 84 and paragraph 89(c), borrowing member also means an Indigenous group, other than a band named in the schedule, or an organization referred to in paragraph 50.1(1)(e) that has been accepted as a borrowing member under a regulation made under section 141 or 141.1. Extended meaning of “borrowing member” — section 61 (2.2) For the purpose of section 61, borrowing member also means an Indigenous group, other than a band named in the schedule, that has been accepted as a borrowing member under a regulation made under section 141. Amendments to schedule (3) At the request of the council of a band, the Minister may, by order, amend the schedule in order to (a) add or change the name of the band; or (b) delete the name of the band, as long as there are no amounts owing by the band to the First Nations Finance Authority that remain unpaid. Regulations (3.1) The Governor in Council may make regulations prescribing anything that is to be prescribed under paragraph (k) of the definition other revenues . For greater certainty (4) For greater certainty, nothing in this Act shall be construed as requiring capital assets for the provision of local services on reserve lands to be located on reserve lands. 2005, c. 9, s. 2; 2012, c. 19, s. 659; 2015, c. 36, s. 177; 2018, c. 27, ss. 385, 414(E) 2019, c. 29, s. 373 2023, c. 16, s. 3