Copyright (

c) Queen's Printer,

Victoria, British Columbia, Canada

License

Disclaimer

2004 Legislative Session: 5th Session, 37th Parliament

THIRD READING

The following electronic version is for informational

purposes only.

The printed version remains the official version.

Certified correct as passed Third Reading on the 21st day of October, 2004

Ian D. Izard, Law Clerk

HONOURABLE KEVIN FALCON

MINISTER OF TRANSPORTATION

BILL 58 – 2004

B.C. RAIL BENEFITS (FIRST NATIONS) TRUST ACT

Contents

Section

Definitions

Beneficiary First Nations may be prescribed

B.C. Rail Benefits (First Nations) Trust established

Directors of the B.C. Rail Benefits (First Nations) Trust

Proceedings of directors

Remuneration of directors

Accountability

B.C. Rail Benefits (First Nations) Trust Account to be managed

Purpose of the B.C. Rail Benefits (First Nations) Trust Account

Investments

No rights affected

Offence Act

Power to make regulations

Commencement

HER MAJESTY, by and with the advice and consent of the Legislative Assembly of the Province of British Columbia, enacts as follows:

Definitions

1 In this Act:

"allocation" means the $15 million to which the B.C. Rail Benefits (First Nations) Trust is entitled under

section 13 (

c) of the Northern Development Initiative Trust Act ;

"B.C. Rail Benefits (First Nations) Trust" means the B.C. Rail Benefits (First Nations) Trust established under

section 3 (1);

"Beneficiary First Nations" means those of the eligible first nations and treaty societies that are prescribed as Beneficiary First Nations, and includes any other first nation or treaty society that is added as a Beneficiary First Nation by resolution of the directors of the B.C. Rail Benefits (First Nations) Trust under

section 5 (3);

"eligible first nations and treaty societies" means the Gitxsan Treaty Society and the following bands within the meaning of the Indian Act (Canada):

(

a) Alexandria;

(

b) Blueberry River First Nations;

(

c) Bridge River;

(

d) Canim Lake;

(

e) Cayoose Creek;

(

f) Fort Nelson First Nation;

(

g) Lheidli T'enneh;

(

h) McLeod Lake;

(

i) Mount Currie;

(

j) Nak'azdli;

(

k) N'Quatqua;

(

l) Red Bluff;

(

m) Saulteau First Nations;

(

n) Seton Lake;

(

o) Soda Creek;

(

p) Squamish;

(

q) T'it'q'et;

(

r) Takla Lake First Nation;

(

s) Tl'azt'en Nation;

(

t) Tsawwassen First Nation;

(

u) Ts'kw'aylaxw First Nation;

(

v) West Moberly First Nations;

(

w) Williams Lake;

(

x) Xaxli'p.

Beneficiary First Nations may be prescribed

2 The Lieutenant Governor in Council may, by regulation, prescribe one or more eligible first nations and treaty societies as Beneficiary First Nations.

B.C. Rail Benefits (First Nations) Trust established

(1) On the making of a regulation under

section 2, there is established a corporation known as the B.C. Rail Benefits (First Nations) Trust consisting of the directors referred to in

section 4.

(2) The B.C. Rail Benefits (First Nations) Trust has the power and capacity of an individual of full capacity.

(3) The B.C. Rail Benefits (First Nations) Trust is not an agent of the government.

Directors of the B.C. Rail Benefits (First Nations) Trust

(1) The directors of the B.C. Rail Benefits (First Nations) Trust are,

(

a) for each first nation that is a Beneficiary First Nation, the chief of that first nation or his or her designate, or, if that first nation does not have a chief, the individual acting in that capacity for that first nation or his or her designate, and

(

b) for each treaty society that is a Beneficiary First Nation, the executive director of the treaty society or his or her designate, or, if that treaty society does not have an executive director, the individual acting in that capacity for that treaty society or his or her designate.

(2) A director of the B.C. Rail Benefits (First Nations) Trust ceases to hold office when he or she ceases to meet the qualifications referred to in subsection (1).

(3) The directors of the B.C. Rail Benefits (First Nations) Trust

(

a) must establish a B.C. Rail Benefits (First Nations) Trust Account,

(

b) must receive the allocation and deposit that money into the B.C. Rail Benefits (First Nations) Trust Account,

(

c) may spend the money in the B.C. Rail Benefits (First Nations) Trust Account in accordance with

section 9, and

(

d) may invest any or all of the money that is in the B.C. Rail Benefits (First Nations) Trust Account in accordance with

section 10.

Proceedings of directors

(1) The directors of the B.C. Rail Benefits (First Nations) Trust must appoint one of their number as chair and may, subject to this Act, otherwise establish their own procedures.

(2) An act or proceeding of the directors of the B.C. Rail Benefits (First Nations) Trust is not invalid merely because not all of the directors referred to in

section 4 (1) are in attendance.

(3) The directors may, by directors' resolution, add any first nation or treaty society as a Beneficiary First Nation.

Remuneration of directors

6 A director of the B.C. Rail Benefits (First Nations) Trust must not accept remuneration from that corporation other than for reasonable travelling and out of pocket expenses necessarily incurred by the director in discharging his or her duties.

Accountability

(1) Within 4 months after the end of each of its fiscal years, the B.C. Rail Benefits (First Nations) Trust must prepare an annual report on its use of the allocation in the fiscal year for which the report is prepared, and must

(

a) present that report to each of its directors, and

(

b) make that report available to the members of the Beneficiary First Nations in a reasonable manner, including by electronic means.

(2) The annual report under subsection (1) must include the audited financial statements for the fiscal year for which the report is prepared.

B.C. Rail Benefits (First Nations) Trust Account to be managed

8 The B.C. Rail Benefits (First Nations) Trust must manage the B.C. Rail Benefits (First Nations) Trust Account.

Purpose of the B.C. Rail Benefits (First Nations) Trust Account

(1) The purpose of the B.C. Rail Benefits (First Nations) Trust Account is to provide funding for Beneficiary First Nations' projects that are approved by the directors of the B.C. Rail Benefits (First Nations) Trust and that advance one or more of the following goals:

(

a) economic development;

(

b) educational advancement;

(

c) cultural renewal.

(2) The directors of the B.C. Rail Benefits (First Nations) Trust may use money from the B.C. Rail Benefits (First Nations) Trust Account to satisfy expenses that are reasonably and necessarily incurred in order to allow the directors to perform their obligations under this Act.

Investments

10 The B.C. Rail Benefits (First Nations) Trust must invest the allocation only as permitted under the provisions of the Trustee Act respecting the investment of trust property by a trustee.

No rights affected

11 Nothing in, under or arising out of this Act, including, without limitation,

(

a) the inclusion of a first nation in, or the exclusion of a first nation from, the B.C. Rail Benefits (First Nations) Trust, or

(

b) any participation of any first nation, or any failure or refusal of any first nation to participate, in the B.C. Rail Benefits (First Nations) Trust,

abrogates or derogates from any aboriginal rights or treaty rights of any first nation or of any aboriginal peoples, including, without limitation, any right of a first nation or of any aboriginal peoples to claim an aboriginal right or treaty right in, to or in relation to any land, thing or matter.

Offence Act

Section 5 of the Offence Act does not apply to this Act.

Power to make regulations

13 The Lieutenant Governor in Council may make regulations referred to in

section 41 of the

Interpretation Act .

Commencement

14 This Act comes into force by regulation of the Lieutenant Governor in Council.

Copyright

© 2004: Queen's Printer, Victoria, British Columbia, Canada