The Tla'amin Final Agreement contains provisions for self-government, financial and land transfers. The land component will consist of approximately 8,322 hectares of treaty lands that include surface and sub-surface resources, and comprised of 1,917 hectares of former Indian Reserves and 6,405 hectares of former Provincial Crown lands.
The Tla'amin Nation will receive a capital transfer of approximately $29.7 million (all figures in 2010 $) over 10 years, less outstanding negotiations loans. In addition, Tla'amin will receive economic development funding of approximately $6.9 million, and a Fishing Vessel Fund of $250,000. B.C. and Canada will each provide $331,292 annually in resource revenue sharing for 50 years. All resource sharing payments will be indexed to inflation.
Tla'amin will also receive $550,000 from Canada prior to the date the Final Agreement comes into effect to establish its government. The Fiscal Financing Agreement provides for one-time and ongoing funding, including: one-time federal funding of $4.6 million; on-going federal funding of approximately $8.0 million per year for the first five years; and on-going provincial funding of approximately $446,000 per year for the first five years.
Congrats on getting fed to the table, again. Deal looks better than status quo, how much is the question? Good luck in the decision Tla'amin!
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