Revenue Management Implementation Regulations

Marginal note:Records of fees and disbursements

• 20 (1) The Board shall maintain records of disbursements made and of fees paid or payable by the Board to a manager and other persons in the course of implementing a co-management arrangement or third-party management.

• Marginal note:Invoices

  (2) The Board shall invoice the first nation, not more than once each month, for the amount of fees and disbursements that have been invoiced to the Board since the date of the last invoice rendered to the first nation under this subsection, plus 10% of that amount.

• Marginal note:Final invoice

  (3) After termination of a co-management arrangement or third-party management, the Board may deliver a final invoice to the first nation within nine months after the date on which the notice of termination is given under subsection 52(3) or 53(6) of the Act, as the case may be.

• Marginal note:Form of invoices

  (4) Each invoice sent to the first nation shall set out the nature and amounts of the fees and disbursements and shall include a copy of any invoices received by the Board from a manager or the other persons referred to in subsection (1).

• Marginal note:Debt

  (5) The first nation shall pay to the Board the amounts that have been invoiced under this section.