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INTERVENTION To protect the interests of First Nations participating in the FNFA borrowing pool and the integrity of the credit rating, the FMB will provide intervention services (Local Revenue Account only). The FMB will be able to provide support and stability to a First Nation during periods of transition or financial difficulty. This will ensure that public confidence in the FSMA’s taxation and borrowing process is maintained. The FMB will work with both the FNFA and the FNTC to identify and address problem situations in a timely manner, with the minimum intervention required by the FMB in the circumstances. The intention will be to leave the onus on the First Nation borrowing member to address the problem wherever possible. The ability of the FMB to provide these services will enhance the credit rating of an FNFA debenture and in turn support more attractive borrowing terms for First Nations participating in the debenture.
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