It's very clear that the institutional framework we've developed through optional legislation absolutely works. It was proven by the example that MP Cathy McLeod just raised.
The band was able to utilize the tools under the FMA to get development cost charges, put aside “x” amount of dollars on an annual basis and create an incredible water system that will expand the industrial and commercial development lands on our reserve and provide better water quality.
What you see happening right across the country is that the federal government, through its regulatory regime, has tried to deal with water quality and potable water, but hasn't been able to meet its own measuring yardstick, if you will.
We're proposing the creation, through legislation, of a first nations infrastructure institute, so the federal government could monetize its own expenditures in capital development and infrastructure. At the same time it would be giving and harnessing the potential of the fiscal transfers that we should be getting.
As an example, right now we're collecting about $110 million in real property tax right across the country on first nations lands. Over those same properties, the federal and provincial governments are collecting $700 million.
We're asking for a change to that policy, so that those monies that are generated within our communities can remain with us and so that we can build ourselves better, business-ready infrastructure and create the business climate that Canada needs and first nations need for pandemic recovery.