How are revenues distributed among B.C First Nations? “B.C. got this important agreement after years of perseverance by our management. The agreement is certainly proof of the desire to make our First Nations in B.C. self-governing and self-governance the cornerstones of healthy and powerful First Nation communities. This agreement not only helps First Nations use gambling revenues to build strong and sustainable economies, but also sets a precedent for how to meaningfully integrate the United Nations Declaration into future agreements to promote and support the leadership and resilience of indigenous states. “The long-term benefits and effects of this agreement will be very important in promoting and improving community priorities and initiatives. These funds will go directly to First Nations and then support First Nations goals and projects. Through the Declaration on the Rights of Indigenous Peoples, we are beginning to see free, prior and informed consent as part of agreements between governments. I look forward to the ongoing discussions and the conclusion of the Phase 2 negotiations, the conduct of gambling operations and the jurisdiction of our own territories, which will allow First Nations to manage and manage their own gambling institutions. All B.C. First Nations communities (groups under the Federal India Act, modern First Nations and non-contract self-management nations treaty) are eligible for gambling income. This agreement is the first major multilateral agreement with First Nations, which contains the bulk of the UN declaration following the adoption of the Declaration on the Rights of Indigenous Peoples in November 2019. A new commitment to income sharing between B.C.
and First Nations supports self-reliance and self-determination, strong healthy communities and services that improve the lives of families. All First Nations in B.C can join a limited partnership to secure a stable, long-term source of funding to invest in the priorities of their own communities. Participating United Nations First Nations contribute 7% of the province`s total net gaming revenue each year. This commitment means that over the next 25 years, approximately $3 billion in pooled revenues will be generated by the province to support First Nation communities. First Nations communities that are partners in the limited partnership will receive a portion of the game revenues collected by the province and will be transferred to the limited partnership. Learn more about participation and positions on gambling policies and agreements in British Columbia: No. As a result of the new gaming revenue-sharing agreement, there will be no reduction in other provincial funds for First Nations. Provincial funding for First Nations will not be reduced by the new Gaming Revenue Sharing Agreement. The new gambling agreement will be phased in by all existing provincial funds that First Nation communities currently receive.
In addition, the agreements do not reduce BC First Nations` access to community play grants. The interim BC First Nations Gaming Revenue Sharing and Financial Agreement facilitated a transfer of $194.84 million, which corresponds to the first two years of payment (2019/2020 and 2020/2021) to the BC First Nations Revenue Sharing Partnership Limited.