First Nations Fiscal Management Act Adaptation Regulations — 5
s and taxpayers, including through the provision of support services for the resolution of disputes related to First Nations local revenue systems; (d) assist First Nations in the exercise of their jurisdiction over local revenues; (e) develop and deliver, and provide support for the development and delivery of, training and education services — and conduct research — respecting the implementation and administration of First Nations local revenue systems, respecting First Nations economic growth and respecting the evolution of local revenue systems; (f) assist First Nations in growing their economies and increasing their local revenues; (g) promote transparency of First Nations local revenue systems and understanding of those systems by members of First Nations, taxpayers and the public; (h) conduct research and provide advice and information to the Government of Canada, including the Minister, regarding the future development and implementation of frameworks to support First Nations in exercising their jurisdiction over local revenues; (i) conduct research, analyze information and provide advice to support the development, implementation and administration of First Nations local revenue systems; (j) collaborate with First Nations, Indigenous institutions and organizations and all levels of government to strengthen First Nations economies and support the development of legal and administrative frameworks to promote the evolution of their jurisdiction over local revenues; (k) support the negotiation, development and implementation of agreements related to First Nations local revenue systems; (l) provide services to Indigenous groups; and (m) collect data, publish statistical information and conduct research and analysis on matters related to the purposes set out in the other paragraphs of this section. Functions and Powers Powers 30 In furtherance of the purposes set out in section 29, the Commission may enter into cooperative arrangements and shared-cost ventures with national and international organizations to consult on or sell products or services developed for First Nations who have made property taxation laws. Local revenue law review 31 (1) The Commission shall review every local revenue law. Written submissions (2) Before approving a law made under paragraph 5(1)(a), (a.1) or (c), other than a law referred to in subsection 10(1), the Commission shall consider, in accordance with any regulations made under paragraph 36(1)(b), any representations made to it under paragraph 7(b) in respect of the law. Local revenue law approval (3) Subject to section 32, the Commission shall approve a local revenue law that complies with this Act and with any standards and regulations made under this Act. Registry (4) The Commission shall maintain a registry of every law approved by it under this section and every financial administration law made under section 9. Restrictions 32 (1) The Commission shall not approve a law made under paragraph 5(1)(d) with respect to a loan referred to in paragraph 74(a) unless (a) the First Nation has obtained and forwarded to the Commission a certificate in respect of their financial performance, issued by the First Nations Financial Management Board under subsection 50(3); and (b) the First Nation has sufficient unutilized borrowing capacity in respect of that loan. Copy and certificate (2) On approving a law made by a First Nation under paragraph 5(1)(d) with respect to a loan referred to in paragraph 74(a), the Commission shall provide the First Nations Finance Authority with (a) a true copy of the law registered under subsection 31(4); and (b) a certificate stating that the law meets all the requirements of this Act and the regulations made under this Act. Notice of judicial review (3) If the Commission becomes aware that judicial review proceedings have been undertaken in respect of an approved law referred to in subsection (2), the Commission shall without delay inform the First Nations Finance Auth