Note X – Service Concession Arrangements
A template for this note is not available. See “Instructions to preparer:” for various disclosures that may be required.
Instructions to preparer:
A city/county/district should disclose:
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A general description of the arrangement (including management’s objectives) and the status of the project during the construction period;
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Nature and amount of related assets, liabilities, and deferred inflows;
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Rights retained and rights granted, and
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Guarantees and commitments.
Disclosures for the service concession arrangements can be aggregated for agreements involving similar facilities and risk.