KIVALLIQ NATIONAL PARKS SCHOLARSHIP TRUST Sample Clauses

KIVALLIQ NATIONAL PARKS SCHOLARSHIP TRUST. 11.4.1 The KIA shall establish, by trust deed, the Kivalliq National Parks Scholarship Trust (the Trust). 11.4.2 Upon establishment of the Trust, or on the signing of this Agreement, whichever occurs later, Canada shall make a one time only grant to the Trust of four hundred thousand dollars ($400,000.00). The purpose of this grant shall be to enable the KIA to set up a scholarship program for Inuit students pursing education at accredited post-secondary institutions. 11.4.3 If a national park is established which includes part of Natural Region 28 within the Kivalliq region, the grant made by Canada to the Trust shall fulfill any requirement for scholarships for the Kivalliq region under the Inuit Impact and Benefit Agreement for that national park. 11.4.4 Nothing in this Agreement precludes parties that negotiate a future Inuit Impact and Benefit Agreement in accordance with section 8.4.4 or Articles 9 or 26 of the NLCA from negotiating further grants or contributions to the Trust. 11.4.5 The Trust shall provide scholarships to Inuit who pursue education or training in any of the following fields or related fields: traditional ecological knowledge; archaeology, anthropology, history, sociology and other social sciences; biology, geography, geology, and other natural sciences;‌ renewable resource management, including: wildlife management, geographic information systems, remote sensing, environmental technology; and/or administration, including business management, financial management, accounting, bookkeeping, human resource management. 11.4.6 The trustees shall give Inuit students who apply to receive a scholarship from the Trust priority consideration as follows: those who reside in a Kivalliq region community; those who reside in other communities in the Nunavut Territory located near a national park; those who reside in other communities in the Nunavut Territory not located near a national park; and/or those who reside outside the Nunavut Territory. 11.4.7 In addition to the criteria in sections 11.4.5 and 11.4.6, and consistent with the provisions of the Trust deed, the trustees shall develop and maintain academic and other eligibility guidelines necessary for the administration of the scholarship program and the awarding of scholarships. 11.4.8 The trustees shall invest the funds of the Trust as prudent investors. Investments shall be made with a view to maintaining the initial capital at four hundred thousand dollars ($400,000.00) but the trustees...
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