Common use of Obligations of the KRG Clause in Contracts

Obligations of the KRG. The KRG undertakes to use the funding provided by Québec pursuant to Section 4 to maintain or improve the general quality and level of the existing services that the KRG provides to the population and the Northern villages. More precisely, the KRG undertakes to use the funding provided by Québec pursuant to Section 4, to achieve the objectives, to carry out all the mandates and perform all the activities described herein in Appendix B according to its own priorities and to the modalities of the Agreement. Moreover, within the scope of Appendices B and D, the KRG undertakes to provide for and finance the increase in needs related to population growth and the evolution of the cost related to the services given within the context of the mandates described in Appendix B, except for the new development projects related to the mandates described in Appendix B and needing immobilization expenses, which may be subject to a financing agreement to that effect. At the beginning of each of its financial years, the KRG shall present to the ministre délégué aux Affaires intergouvernementales canadiennes et aux Affaires autochtones, hereinafter referred to as “the Minister”, its objectives with respect to the mandates described in Appendix B for the current year. No later than January 30th of each year, the KRG shall send the Minister its budget which is prepared pursuant to the Kativik Act. No later than April 30th of each year, the KRG shall send the Minister audited financial statements for the preceding year according to the Kativik Act. The annual budget and the financial statements of the KRG must indicate the expenditures planned and made for each of the mandates described in Appendix B. For the preparation of the first budget and the first financial statements, the KRG shall use the same level of detail as that appearing in its 2003 annual budget and financial statements presented under the Kativik Act. Thereafter, the KRG can change the categories of expenditures according to its needs and the level of detail to be agreed upon with Québec. No later than September 30th following the end of each of its financial years, the KRG shall send to the Minister its annual report which shall review the activities carried out, the objectives aimed at and the results that have been reached within the context of the mandates described in Appendix B. Moreover, the KRG must present the various documents and reports described in this Appendix.

Obligations of the KRG. The KRG undertakes to use the funding provided by Québec pursuant to Section 4 to maintain or improve the general quality and level of the existing services that the KRG provides to the population and the Northern villages. More precisely, the KRG undertakes to use the funding provided by Québec pursuant to Section 4, to achieve the objectives, to carry out all the mandates and perform all the activities described herein in Appendix B according to its own priorities and to the modalities of the Agreement. Moreover, within the scope of Appendices B and D, the KRG undertakes to provide for and finance the increase in needs related to population growth and the evolution of the cost related to the services given within the context of the mandates described in Appendix B, except for the new development projects related to the mandates described in Appendix B and needing immobilization expenses, which may be subject to a financing agreement to that effect. At the beginning of each of its financial years, the KRG shall present to the ministre délégué aux Affaires intergouvernementales canadiennes et aux Affaires autochtones, hereinafter referred to as “the Minister”, its objectives with respect to the mandates described in Appendix B for the DV ³WKH 0LQLVWHU´ LWV REMHFWLYHV ZLWK UHVSHFW W current year. Consolidated administrative version of September 2, 2015 No later than January 30th of each year, the KRG shall send the Minister its budget which is prepared pursuant to the Kativik Act. No later than April 30th of each year, the KRG shall send the Minister audited financial statements for the preceding year according to the Kativik Act. The annual budget and the financial statements of the KRG must indicate the expenditures planned and made for each of the mandates described in Appendix B. For the preparation of the first budget and the first financial statements, the KRG shall use the same level of detail as that appearing in its 2003 annual budget and financial statements presented under the Kativik Act. Thereafter, the KRG can change the categories of expenditures according to its needs and the level of detail to be agreed upon with Québec. No later than September 30th following the end of each of its financial years, the KRG shall send to the Minister its annual report which shall review the activities carried out, the objectives aimed at and the results that have been reached within the context of the mandates described in Appendix B. Moreover, the KRG must present the various documents and reports described in this Appendix.