(a) subsection 15(1) (capacity of a natural person);

(b) section 16 (by-law not required to confer powers on Authority, restriction on powers of Authority, and validity of acts of Authority);

(c) subsection 21(1) (access to Authority's records by members and creditors);

(d) section 23 (corporate seal not needed to validate instrument);

(e) subsections 103(1) to (4) (powers of directors to make and amend by-laws, member approval of by-laws and effective date of by-laws);

(f) subsection 105(1) (qualifications of directors);

(g) subsection 108(2) (resignation of director);

(h) section 110 (right of director to attend members' meetings and statements by retiring directors);

(i) subsection 114(1) (place of directors' meetings);

(j) section 116 (validity of acts of directors and officers);

(k) section 117 (validity of directors' resolutions not passed at meeting);

(l) subsections 119(1) and (4) (liability of directors);

(m) section 120 (conflict of interests of directors);

(n) section 123 (directors' dissents);

(o) section 124 (directors' indemnity);

(p) section 155 (financial statements);

(q) section 158 (approval of financial statements by directors);

(r) section 159 (sending financial statements to members before annual meeting);

(s) sections 161 and 162 (qualifications and appointment of auditor);

(t) section 168 (rights and duties of auditor);

(u) section 169 (examination by auditor);

(v) section 170 (auditor's right to information);

(w) subsections 171(3) to (9) (duty and administration of audit committee and penalty for failure to comply);

(x) section 172 (qualified privilege in defamation for auditor's statements); and

(y) subsections 257(1) and (2) (certificates of Authority as evidence).

(a) act honestly and in good faith with a view to the best interests of the Authority; and

(b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.

(a) a written report of the auditor of the Authority or financial statements represented by an officer of the Authority as fairly reflecting the financial condition of the Authority; or

(b) a report of a lawyer, notary, accountant, engineer, appraiser or other person whose position or profession lends credibility to a statement made by that person.

(a) presenting the annual report and audited financial statements of the Authority;

(b) electing the board of directors; and

(c) dealing with such other business of the Authority as may be presented by the board of directors.

(a) respecting the calling and conduct of meetings of the board, including the holding of meetings by tele-conference;

(b) fixing the fees to be paid to directors for attendance at meetings of the board and the reimbursement of reasonable travel and living expenses to directors;

(c) respecting the duties and conduct of the directors, officers and employees of the Authority and the terms and conditions of employment and of the termination of employment of officers and employees of the Authority;

(d) respecting the signing and sealing of securities and interest coupons issued by the Authority; and

(e) generally for the conduct and management of the affairs of the Authority.

Purposes

(a) secure for its borrowing members, through the use of property tax revenues,

(i) long-term financing of capital infrastructure for the provision of local services on reserve lands,

(ii) lease financing of capital assets for the provision of local services on reserve lands, or

(iii) short-term financing to meet cash-flow requirements for operating or capital purposes under a law made under paragraph 4(1)(b), or to refinance a short-term debt incurred for capital purposes;gtggggtyty

(b) secure for its borrowing members, through the use of other revenues prescribed by regulation, financing for any purpose prescribed by regulation;

(c) secure the best possible credit terms for its borrowing members;

(d) provide investment services to its members and first nations organizations; and

(e) provide advice regarding the development of long-term financing mechanisms for first nations.

Functions and Powers

(a) borrow money in an amount authorized by the resolution;

(b) issue securities of the Authority;

(c) lend securities to generate income, if the loan is fully secured;

(d) enter into agreements for risk management purposes, including swaps; and

(e) provide for

(i) payments related to the issuance of securities,

(ii) the registration, transfer, management and redemption of securities,

(iii) the re-issuance, reinstatement or other disposition of lost, stolen, destroyed or damaged securities or interest coupons,

(iv) the examination, cancellation or destruction of securities and of materials used in their production, or

(v) the timing of the issuance of securities.

(a) the rate of interest;

(b) the time and place of repayment of principal and interest; and

(c) the currency in which repayment of principal and interest will be made.

(a) the securities are to be redeemable in advance of maturity at a time and price set out in the resolution;

(b) all or any part of the securities may be paid, refunded or renewed;

(c) the securities are to be issued in an amount sufficient to realize the amount of any securities called in and paid before maturity, for a term not longer than the remainder of the term of the securities called in and paid; or

(d) the securities and any interest coupons attached to them are to be in the form set out in the resolution, and are to be exchangeable for other securities of the same issue on any terms and conditions set out in the resolution.

(a) the First Nations Tax Commission has approved a law made by the borrowing member under paragraph 4(1)(d);

(b) the loan is to be paid out of the property tax revenues of the borrowing member in priority to other creditors of the borrowing member; and

(c) where the loan is to be paid out of transfer payments from the Crown, the borrowing member has entered into a written agreement with the Crown for the use of the transfer payments for that purpose.

(a) the loan is secured by revenues prescribed by regulation, other than property tax revenues; and

(b) the Authority and the borrowing member comply with any other conditions for such a loan that are prescribed by regulation.

(a) securities issued or guaranteed by Canada or a province;

(b) securities of a local, municipal or regional government in Canada;