Naskapi and the Cree-Naskapi Commission Act

Marginal note:Fiscal year of band

• 89 (1) The fiscal year of a band begins on April 1 of each year and ends on March 31 of the following year, unless otherwise provided by by-law made pursuant to subsection (2).

• Marginal note:By-law changing fiscal year

  (2) A band may, by by-law,

  • (a) adopt a fiscal year different from that provided for in subsection (1); or

  • (b) where the band has adopted a different fiscal year pursuant to paragraph (a), revert to the fiscal year provided for in subsection (1).

• Marginal note:Transition between old and new fiscal years

  (3) Where a by-law is made under subsection (2), the fiscal year provided for in the by-law cannot commence until after the end of the fiscal year in which the by-law came into force.

• Marginal note:Idem

  (4) Where a by-law is made under subsection (2), the period between the end of the fiscal year in which the by-law came into force and the commencement of the fiscal year provided for in the by-law shall be deemed to be a separate fiscal year for the purposes of this Part.