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2013 Legislative Session: 5th Session, 39th Parliament

FIRST READING

The following electronic version is for informational purposes only.

The printed version remains the official version.

HONOURABLE IDA CHONG

MINISTER OF ABORIGINAL RELATIONS

AND RECONCILIATION

BILL 4 – 2013

TLA’AMIN FINAL AGREEMENT ACT

CHAPTER 19 – RESOURCE REVENUE SHARING

1. Commencing on the first Payment Date and on each subsequent Payment Date, Canada will make one Resource Revenue Payment to the Tla’amin Nation.

2. Commencing on the first Payment Date and on each subsequent Payment Date, British Columbia will make one Resource Revenue Payment to the Tla’amin Nation.

3. Each Resource Revenue Payment will be calculated 30 days before the corresponding Payment Date, using the following formula:

Resource Revenue Payment = 50% * [$662,584 * (Payment Date FDDIPI/First Quarter 2010 FDDIPI)]

where,

"*"

means multiplied by;

"/"

means divided by;

"FDDIPI"

&means the Final Domestic Demand Implicit Price Index for Canada, series D100466, published regularly by Statistics Canada in Matrix 10512: Implicit Price Indexes, Gross Domestic Product, or its replacement series as specified by Statistics Canada.

For each Payment Date:

"Payment Date FDDIPI"

is the first published FDDIPI for the latest calendar quarter for which Statistics Canada has published a FDDIPI 30 days before that Payment Date; and

"First Quarter 2010 FDDIPI"

is the value of FDDIPI for the first quarter of 2010 published by Statistics Canada at the same time that the values used in Payment Date FDDIPI are published.

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