The First Nations Trust was established in 2003 by the Chiefs-in-Assembly during their legislative gathering. Many years of discussion and development paved the way for the Trust. The following timeline includes some of the events and documents that were significant in the establishment and growth of the First Nations Trust.
1994 Gaming Agreement
The FSIN entered into the 1994 Gaming Agreement with the Government of Saskatchewan. The Agreement provided for the revenue sharing arrangement between First Nations and the Provincial government.
Under the 1994 Gaming Agreement, the FSIN and the Province agreed that the First Nations in Saskatchewan would receive 25 percent of the net revenues from two proposed government-run casinos. At the time, casinos were to open in Regina and Saskatoon.
Both casinos were to have a target of 50% employment of First Nations employees.
1995 Gaming Agreement
The 1995 Gaming Agreement authorized the operation of four First Nation- run casinos in Saskatchewan operated by the Saskatchewan Indian Gaming Authority (SIGA) in addition to the government run casino in Regina.
2002 Framework Agreement
The new arrangement provided annual funding to deal with problem gambling. In addition, amendments provided for designated funding to continue the joint effort between FSIN and the Province concerning matters related to on-reserve gaming jurisdiction.
2003 First Nations Trust
Amendments to 2002 Gaming Agreement
2007 Amending Agreement
- A process for new Gaming Ventures;
- Changing the designated payouts made by First Nations Trust (s.4.1);
- A five-year designated allocation to FSIN for Gaming
- Activities (s. 4.b.1);
- Changing the percentage of the net profits due to First Nations Trust;
- Amending the funding amount due to SLGA from SIGA;
- Revising the designated allocation to the First Nations Addiction Rehabilitation Foundation (FNARF); and
- Changing the requirement of fidelity bonds for the Board of Trustees of the First Nations Trust.