[Federal Register Volume 69, Number 164 (Wednesday, August 25, 2004)]
[Notices]
[Page 52267]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-19503]



[[Page 52267]]

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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Notice of New Exposure Draft Recognition of the Transfer of Funds 
Between Interior's Reclamation Fund and Energy's Western Area Power 
Administration: In Accordance With SFFAS 1 Accounting for Selected 
Assets and Liabilities and SFFAS 5 Accounting for Liabilities of the 
Federal Government

    Board Action: Pursuant to the Federal Advisory Committee Act (Pub. 
L. 92-463), as amended, section 10(a)(2), and the FASAB Rule Of 
Procedure, as amended in October, 1999, notice is hereby given that the 
Accounting and Auditing Policy Committee has issued an exposure draft 
of a new Federal Financial Accounting and Auditing Technical Release 
entitled, Recognition of the Transfer of Funds Between Interior's 
Reclamation Fund and Energy's Western Area Power Administration: In 
Accordance with SFFAS 1 Accounting for Selected Assets and Liabilities 
and SFFAS 5 Accounting for Liabilities of the Federal Government.
    A summary of the proposed Statements follows: The purpose of this 
proposed technical release is to provide technical guidance to the 
Department of Energy (Energy) and the Department of the Interior 
(Interior) on a difference in their interpretation of the effect of 
legislation on their application of accounting standards to certain 
transactions between them.
    Respondents are encouraged to comment on any part of the exposure 
drafts. Written comments are requested by September 20, 2004, and 
should be sent to: Wendy M. Comes, Executive Director, Federal 
Accounting Standards Advisory Board, 441 G Street, NW., Suite 6814, 
Washington, DC 20548.
    Copies of the Exposure Drafts can be obtained by contacting FASAB 
at 202-512-7350 or [email protected]. Additionally, the Exposure 
Drafts will be available on FASAB's home page http://www.fasab.gov/.

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. 92-463.

    Dated: August 20, 2004.
Charles Jackson,
Federal Register Liaison Officer.
[FR Doc. 04-19503 Filed 8-24-04; 8:45 am]
BILLING CODE 1610-01-M