9.0 RESOURCE ROYALTIES

9.1.1
Government shall pay to the Gwich段n Tribal Council, annually, an amount equal to:

1. 7.5 percent of the fi rst $2.0 million of resource royalty received by government in that year; and

2. 1.5 percent of any additional resource royalties received by government in that year.

9.1.2

1. Amounts payable by government pursuant to this chapter shall be calculated on the basis of amounts due to and received by government in respect of resources produced after the date of this agreement.

2. Payments remitted to the Gwich段n Tribal Council shall be in quarterly instalments.

3. Government shall annually provide to the Gwich段n Tribal Council a statement indicating the basis on which royalties were calculated for the preceding year.

4. On the request of the Gwich段n Tribal Council, government shall request the Auditor General to verify the accuracy of the information in the annual statements.

9.1.3

1. Subject to (b), government shall consult with the Gwich段n Tribal Council on any proposal specifically to alter by legislation the resource royalty payable to government.

2. Where government consults outside government on any proposed changes to the fiscal regime which will affect the resource royalty payable to government, it shall also consult with the Gwich段n Tribal Council.

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