Liability for Contaminated Sites

WHEREAS PS 3260 Liability for Contaminated Sites was adopted by the Public Sector Accounting Board in 2010 and applies to all levels of governments and government organizations who apply the Canadian Institute of Chartered Accountants Public Sector Accounting Handbook; AND WHEREAS application of PS 3260 for contaminated sites will create onerous and costly reporting requirements for all levels of governments, universities, school boards, and hospitals reporting under the Public Sector Accounting Standards: THEREFORE BE IT RESOLVED that UBCM lobby the federal government to postpone implementation of PS 3260 until further consultation is held with all levels of the public sector as it relates to the costs associated with implementing the PS 3260 initiative.