GASB: Governments Must Blend Tobacco Debt Into Statements

McDonald, Michael
March 2004
Bond Buyer;3/31/2004, Vol. 347 Issue 31853, p1
Trade Publication
Reports that the U.S. Governmental Accounting Standards Board (GASB) has approved a technical bulletin that will require governments to blend tobacco debt into their financial statements. Efforts of GASB to make governments' accounting treatment of tobacco bonds consistent; Estimated tobacco bonds sold since the 1998 Master Settlement Agreement; Governments' treatment of their tobacco settlement authorities.


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