The transfer of capital refers to the funds paid by Canada and BC to NStQ under a Final Agreement. NStQ will receive a payment after signing the treaty, with annual payments being made each year for 10 years after that.
There will also be millions of dollars budgeted for the start up costs for our new NStQ government. These funds are limited in time and for specific purposes. Before the Final Agreement, the parties will negotiate an agreement on the sharing of revenues that come from the territory.
The cost of the loan repayment would not be deducted from a Final Agreement, as the funding for the treaty will increase by the approximate amount of the negotiating loan.
The NStQ may establish economic development funds for training, contracting opportunities, various committees or boards and or participation in economic development projects on Treaty Settlement Lands.