A service concession arrangement under IPSAS $32$Service concession arrangements: grantor$$ is a binding arrangement between a grantor and an operator in which of the following situations?

A$.$ The operator owns the service concession asset to provide a public service on behalf of the grantor for a specified period of time AND the operator is compensated for its services over the period of the service concession arrangement

B$.$ The operator uses the service concession asset to provide a public service on behalf of the grantor for a specified period of time AND the operator is compensated for its services over the period of the service concession arrangement

C$.$ The operator owns or leases the service concession to provide a public service on behalf of the grantor for a specified period of time

D$.$ None of the above