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Our Authority [First Nations Financial Management Board, FNFMB]

First Nations Financial Management Board
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The First Nations Fiscal Management Act (FMA) is optional First Nations legislation. It came into effect on April 1, 2006. The FMA established three First Nation institutions to develop practical, modern-day tools already used by other levels of government in Canada, and provide these tools to First Nations governments.

First Nations Financial Management Board: Establishes financial management standards that lead to the principles of sound and transparent practices.
First Nations Tax Commission. Ensures the integrity of the First Nations tax system.
First Nations Finance Authority. Enables First Nations to borrow against any secure source of revenue at lower rates than traditional financing.

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