Thank you, Mr. Speaker. The retained portion is an estimated calculation for those Indigenous governments who have not signed on to devolution. Each year, once annual net fiscal benefit figures are available, these retained amounts are distributed according to intergovernmental council negotiations that are guided by the provisions of the Intergovernmental Resource Revenue Sharing Agreement. These negotiations occur after intergovernmental council members receive their respective allocations of the net fiscal benefit under their Intergovernmental Resource Revenue Sharing Agreement.
Bob McLeod on Question 539-18(3): Intergovernmental Resource Revenue Sharing Agreement Payment
In the Legislative Assembly on February 11th, 2019. See this statement in context.
Question 539-18(3): Intergovernmental Resource Revenue Sharing Agreement Payment
Oral Questions
February 11th, 2019
Page 4808
See context to find out what was said next.