First Nations Fiscal Management Act
Version of section 10 from 2005-03-23 to 2006-03-31:
The following provision is not in force.
Marginal note:Annual rate and expenditure laws
10 A council of a first nation that makes a property taxation law shall, at least once each year at a time prescribed by regulation, make
(a) a law under paragraph 5(1)(a) setting the rate of tax to be applied to the assessed value of each class of lands, interests or rights; and
(b) a law under paragraph 5(1)(b) establishing a budget for the expenditure of revenues raised under the property taxation law.
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