With the signing of the devolution agreement, the Government of NunavutSA国际影视传媒檚 newfound authority over Crown lands, fresh water, and other non-renewable resources will be official as of April 1, 2027.
Through a resource revenue sharing formula, the GN will collect all resource revenues until it hits a $9 million cap from mining and oil and gas projects on Crown land. ThereSA国际影视传媒檚 also an option for the GN to make a one-time change whereby it would take in 50 per cent of resource revenues up to a five per cent ceiling of the gross expenditure base. As negotiated previously through the Nunavut Agreement, Nunavut Tunngavik Incorporated (NTI) is entitled to 50 per cent of the first $2 million and five per cent of any additional resource royalties.
Until April 2027, $67.25 million is being set aside by the federal government for the transitional period of financing of resources and infrastructure, which will SA国际影视传媒渁llow for any number of things that will need sorting out in the next three years,SA国际影视传媒� said Mark Johnson, executive director and deputy of negotiations for the Government of Canada.
SA国际影视传媒淭hatSA国际影视传媒檚 to help the GN to build the infrastructure to put in the what and the where devolution service delivery happens,SA国际影视传媒� Johnson said. SA国际影视传媒淪ome of these questions arenSA国际影视传媒檛 answered yet SA国际影视传媒� itSA国际影视传媒檚 a process weSA国际影视传媒檙e going throughSA国际影视传媒� so [money] will come out of that particular pot during the implementation period, and once the effective date [of the devolution agreement] takes place in 2027, and the GN has an ongoing amount, that just goes into the general amount, and then the GN will be able to decide where [the money] is going.SA国际影视传媒�
In addition, the Government of Canada will increase its annual Territorial Transfer Funding payment to the GN by $85.5 million to support post-devolution training, on top of a $15 million allotment for that purpose.
The federal government will also provide NTI with $3 million, to be adjusted for inflation in the future. A one-time payment of $1.75 million will also go to NTI.
Ottawa will continue to fund operations of the Nunavut Water Board and the Nunavut Surface Rights Tribunal.
The bottom line is that Nunavut is SA国际影视传媒渢o receive a greater [amount] than [it] would have normally,SA国际影视传媒� summarized Pauloosie Suvega, the Government of NunavutSA国际影视传媒檚 chief devolution officer. SA国际影视传媒淲e may as well keep all of [the resource revenue] up to a certain amount to cover costs and towards a larger purpose.
SA国际影视传媒淭his way, if thereSA国际影视传媒檚 any discussions or plans being discussed, whether for now or for the future, Nunavut [does need part of those conversationsSA国际影视传媒s we start to look at what the some of these impacts [of this resource extraction] will look like long into the future.SA国际影视传媒�
