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GASB issues guidance on conduit debt obligations

  • GASB document Image

May 29, 2019

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.

For more in­for­ma­tion, see the press release and State­ment 91 on the GASB’s Web site.

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