The GASB has issued Statement No. 91, Conduit Debt Obligations.
Statement 91 “provide[s] a single method of reporting conduit debt obligations by issuers and eliminate[s] diversity in practice associated with (1) commitments extended by issuers, (2) arrangements associated with conduit debt obligations, and (3) related note disclosures.”
Statement 91 is effective for reporting periods beginning after December 15, 2020. Early application is encouraged.