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PART IX
FINANCIAL MANAGEMENT
82. Westbank First Nation has jurisdiction in relation to internal financial
management of Westbank First Nation.
83. Moneys raised by taxation, fees, permits or other means by Westbank
First Nation shall be administered in accordance with the Constitution
and Westbank Laws in relation to internal financial management and, for
financial transfer agreement funds, shall be administered in accordance
with the provisions of the financial transfer agreement.
84. Without limiting the generality of the foregoing, Westbank First
Nation may:
- receive moneys from the federal or provincial governments and from
other entities;
- expend, invest, assign or commit moneys received;
- borrow moneys, including issuing treasury bills, temporary debentures,
promissory notes or similar forms of obligations; and
- perform such other functions regarding financial management and administration
as may be required from time to time.
85. For greater certainty, financial obligations assumed by Westbank
First Nation pursuant to this Part shall not imply or impose any liability
on Canada.
86. Except as provided in this Agreement, in the event of a conflict
between Westbank Law in relation to internal financial management procedures
of Westbank First Nation and federal law, Westbank Law shall prevail to
the extent of the conflict.
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