GASB Proposes Guidance on Public-Private and Public-Public Partnership Arrangements

The GASB has issued an exposure draft (ED), Public-Private and Public-Public Partnerships and Availability Payment Arrangements.

The objective of the proposed guidance is to “better meet the information needs of financial statement users by improving the comparability of financial statements among governments that enter into [public-private and public-public partnership arrangements (PPPs) and availability payment arrangements(APAs)] and by enhancing the relevance, reliability, and consistency of information about PPPs and APAs.”

Comments on the ED are due by September 13, 2019. For more information, see the press release and ED on the GASB’s Web site.