Capital Finance Commission

The purposes of the commission are:

• to enable the financing of the major maintenance or replacement of the FFA listed assets in accordance with a life cycle management program,
• to take reasonable steps to ensure that the major maintenance or replacement of the FFA listed assets that are buildings or other improvements is financed, planned and constructed in accordance with procedures, and to standards, that generally apply to the financing, planning and construction of public buildings and other improvements of organized communities in north-west British Columbia that are of similar size and remoteness to the Nisg̱a’a Villages, and
• to invest, manage, control and protect funds paid by Canada to the Nisg̱a’a Nation under the fiscal financing agreement, and appropriate to the capital finance commission fund under the Nisg̱a’a Financial Administration Act, for the purposes set out in paragraphs (a) and (b).

In addition to carrying out its purposes, the commission must carry out any additional program or project in respect of capital assets of an owner provided for in the regulations, in any other Nisg̱a’a Lisims enactment, or in a written directive of the executive.