jswizzle3737/ontario_laws_and_regs huggingface dataset:
1. The assets referred to in section 3 of the Act are assets which on December 31, 2000 were, (a) reserves and reserve funds; (b) revenue fund surplus; (c) investments, excluding investments of reserves and reserve funds; (d) inventories for sale, including land acquired for the purpose of resale; (e) the net proceeds to be realized from the disposition of property under a binding sale agreement; (f) the present value of the projected payments-in-lieu of taxes for school purposes that are not required to be shared with school boards; (g) the present value of projected royalties receivable with respect to an aggregate pit or quarry. O. Reg. 267/01, s. 1.
2. The liabilities referred to in section 3 of the Act are liabilities which on December 31, 2000 were, (a) debts, including debentures and short-term and temporary borrowing; (b) revenue fund deficit; (c) post-employment benefits, including pension obligations, severance allowances and vested sick leave; (d) accrued liabilities, including obligations incurred as a Schedule 2 employer under the Workplace Safety and Insurance Act, 1997 that are not recorded as an expenditure; (e) long-term obligations and lease commitments. O. Reg. 267/01, s. 2.