If a First Nation defaults on a First Nations Finance Authority (FNFA) Borrowing Agreement or fails to comply with local revenues laws as governed by the First Nations Tax Commission, the FMB has the authority under the First Nations Fiscal Management Act (FMA) to step in to provide support.
Intervention is a support process that enables the FMB to investigate, understand, manage, and resolve any problems relating to:
"The start-up and the first in a series of training programs designed to enable youth to start or expand businesses in discussed. The funding for the program was obtained by Kahanawake with an investment from the Department of Industry Canada designed to help youth develop their own businesses through debt financing. Thirteen people completed the course and six loan applications - supported by business plans - were submitted. Five of the loans were approved; and after one and a half years all five businesses are operating.
Many Canadians face a financial crisis at some time. Most debt problems are easy to solve. Others need professional assistance. The best way to deal with your financial problems is to admit to them and take control before they get out of hand. This booklet can help you decide whether you have a serious debt problem. It also gives some suggestions for solving your difficulties and avoiding them in the future. The information in this booklet is meant for individuals only and does not apply to corporations.
