First Nations Fiscal Management Act

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.