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Government Insights – GASB Statement No. 79

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March 22, 2016

State and local governments participate in external investment pools that function in a similar manner to money market investment funds. To enable governments and such pools to continue measuring investments at amortized cost amid regulatory change, the Governmental Accounting Standards Board (GASB) issued Statement No. 79 – Certain External Investment Pools and Pool Participants – in December 2015. 

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