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This document establishes an Asset Retirement Obligation (ARO) Policy for the Corporation of the Township of South Algonquin. It outlines the guidelines for compliance with the Public Sector Accounting Board (PSAB) 3280 standards regarding asset retirement obligations. The policy includes sections on administration, reporting requirements, guiding principles, and definitions necessary for the recognition and management of these obligations.
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Individuals and entities engaging in activities governed by by-law no 2024-786 are required to file, including businesses, property owners, and other stakeholders affected by the legislation.
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