What does CLRF mean in FUNDS
The Contingent Liability and Rehabilitation Fund (CLRF) is a form of public capital set aside to assist with the respective costs of liabilities and rehabilitation efforts related to natural resource extraction activities. The purpose of the fund is to protect any negative economic impacts due to uninsured environmental damage.
CLRF meaning in Funds in Business
CLRF mostly used in an acronym Funds in Category Business that means Contingent Liability and Rehabilitation Fund
Shorthand: CLRF,
Full Form: Contingent Liability and Rehabilitation Fund
For more information of "Contingent Liability and Rehabilitation Fund", see the section below.
Essential Questions and Answers on Contingent Liability and Rehabilitation Fund in "BUSINESS»FUNDS"
Final Words:
Overall, The Contingent Liability and Rehabilitation Fund serves an important purpose in preserving natural resources while protecting local governments and taxpayers from financial risks associated with resource extraction activities.