- Send an “Expression of Interest” to Indigenous Services Canada.
- There are 2 pathways for grant eligibility; depending on your First Nation’s situation, you’ll need to have either a Financial Administration Law (FAL) or a Financial Administration Bylaw (FAB) in place. The FAL or FAB needs to meet the exact same standards (PDF) to qualify for a 10-Year Grant.
- A new or amended FAL will need to be approved by the FMB.
- A new or amended FAB will need to be reviewed by the FMB and then approved by the Minister.
- Undergo a Financial Performance Review based on the most recent 5 years of annual audited financial statements and get a report from the FMB that confirms that all five Financial Performance Ratios have been met.
- Bring your FAL or FAB to life
- Get a report from the FMB that confirms that the minimum provisions of the FAL or FAB have been brought to life
- Read more on Eligibility Criteria.
- FMB will support First Nations during the 10-year Grant funding application process.
- FMB will evaluate First Nations against eligibility criteria and provide assessment reports.
- ISC makes final decisions on grant eligibility.
- FMB will provide Capacity Development services at no cost to First Nations with a FAL (see NOTES) in order to continue to meet eligibility criteria. All First Nations applying for the 10-Year Grant will have access to FMB-developed tools, as well as advice and support from the FMB in working towards meeting eligibility criteria for the Grant.
NOTES: First Nations scheduled under the First Nations Fiscal Management Act can access some capacity development resources/funding through the First Nations Financial Management Board, to support development of their Financial Administration Law as part of preparation of the 10-Year Grant.
First Nation governments who choose to remain under section 83 of the Indian Act are currently not able to access FMB capacity development funding but this may change in the future depending on additional resources made available to the FMB. In all cases, First Nations applying for the 10-Year Grant will also have access to FMB-developed tools, as well as advice and support from FMB officials in working towards meeting eligibility criteria for the Grant.