First Nations Fiscal Management Act
Marginal note:Local revenue account
Marginal note:Restriction on expenditures
(2) Local revenues may be expended only under the authority of a law made under paragraph 5(1)(b).
Marginal note:Balanced budget
(3) Expenditures provided for in a law made under paragraph 5(1)(b) shall not exceed the local revenues estimated for the year in which those expenditures are to be made, less any deficit accumulated from prior years.
- 2005, c. 9, s. 13
- 2015, c. 36, s. 184
- Date modified: