[Federal Register Volume 68, Number 95 (Friday, May 16, 2003)]
[Notices]
[Page 26618]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-12210]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Notice of Issuance of Statement of Federal Financial Accounting 
Standards (SFFAS) No. 23)

    Board Action: Pursuant to the Federal Advisory Committee Act (Pub. 
L. 92-463), as amended, and the FASAB Rules of Procedure, as amended in 
October, 1999, notice is hereby given that the Federal Accounting 
Standards Advisory Board has issued Statement of Federal Financial 
Accounting Standards (SFFAS) No. 23, Eliminating the Category National 
Defense Property, Plant and Equipment.
    The Board approved the Statement in February 2003, and submitted it 
to FASAB principals for a 90-day review. The review period closed on 
May 8, 2003.
    SFFAS No. 23 represents a major step in the process of ensuring 
accountability for all operating property, plant, and equipment through 
the framework of generally accepted accounting principles.
    The standards prescribed in SFFAS No. 23 are effective for periods 
beginning after September 30, 2002. Hard copies of the statement will 
be mailed to the FASAB mailing list. It is also available on the FASAB 
Web site at www.fasab.gov or by calling 202-512-7350.

FOR FURTHER INFORMATION CONTACT: Wendy Comes, Executive Director, 441 G 
St., NW., Mail Stop 6K17V, Washington, DC 20548, or call (202) 512-
7350.

    Authority: Federal Advisory Committee Act. Pub. L. No. 92-463.

    Dated: May 9, 2003.
Wendy M. Comes,
Executive Director.
[FR Doc. 03-12210 Filed 5-15-03; 8:45 am]
BILLING CODE 1610-01-M