[Federal Register Volume 74, Number 131 (Friday, July 10, 2009)]
[Notices]
[Page 33237]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-16399]


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FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD


Notice of Release of Exposure Draft on Accounting for Federal Oil 
and Gas Resources

AGENCY: Federal Accounting Standards Advisory Board.

ACTION: Notice.

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    Board Action: Pursuant to 31 U.S.C. 3511(d), the Federal Advisory 
Committee Act (Pub. L. 92-463), as amended, and the FASAB Rules of 
Procedure, as amended in April, 2004, notice is hereby given that the 
Federal Accounting Standards Advisory Board (FASAB) has released the 
Exposure Draft on Accounting for Federal Oil and Gas Resources.
    The exposure draft proposes standards that would result in 
recognition of the estimated value of royalties from Federal oil and 
gas leases and changes in those values over time as well as the amount 
of royalties designated for distribution to non-Federal entities such 
as State governments. The Exposure Draft is available on the FASAB home 
page http://www.fasab.gov/exposure.html. Copies can be obtained by 
contacting FASAB at (202) 512-7350.
    Respondents are encouraged to comment on any part of the exposure 
draft. Written comments are requested by September 8, 2009, and should 
be sent to: Wendy M. Payne, Executive Director, Federal Accounting 
Standards Advisory Board, 441 G Street, NW., Suite 6814, Mail Stop 
6K17V, Washington, DC 20548.

FOR FURTHER INFORMATION CONTACT: Wendy Payne, Executive Director, at 
(202) 512-7350.

    Authority:  Federal Advisory Committee Act, Pub. L. 92-463.

    Dated: July 7, 2009.
Charles Jackson,
Federal Register Liaison Officer.
[FR Doc. E9-16399 Filed 7-9-09; 8:45 am]
BILLING CODE 1610-01-P