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First Nations Fiscal Management Act

Version of section 55 from 2006-04-01 to 2018-12-12:

Marginal note:Standards

  •  (1) The Board may establish standards, not inconsistent with the regulations, respecting

    • (a) the form and content of laws made under section 9;

    • (b) approvals of the Board under Part 1;

    • (c) certification of first nations under section 50; and

    • (d) financial reporting under subsection 14(1).

  • Marginal note:Procedures

    (2) The Board may establish procedures respecting

    • (a) the submission for approval and approval of laws made under section 9;

    • (b) the issuance of a certificate under subsection 50(3); and

    • (c) the implementation or termination of a co-management arrangement or third-party management of a first nation’s local revenues.

  • Marginal note:Statutory Instruments Act

    (3) The Statutory Instruments Act does not apply to a standard established under subsection (1) or a procedure established under subsection (2).

  • Marginal note:First Nations Gazette

    (4) All laws made under section 9 and approved by the Board and all standards established by the Board under subsection (1) shall be published in the First Nations Gazette.

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