Join us in downtown Chicago in August 2015 to celebrate NASACT's 100th anniversary!
View NASACT's White Paper on Continuing Disclosure
"Voluntary Interim Financial Reporting: Best Practices for State Governments," released in August 2013
Participate in NASACT's Continuing Disclosure Implementation Group!
The group will work to implement ten best practices issued recently by NASACT in the document "Voluntary Interim Financial Reporting: Best Practices for Governments."
Sign Up Today for NASACT's Training Seminars Program!
Through this program, we'll bring the training to you! Select the topic and the length of the training needed, and we'll handle the details. Contact us today for details!
OMB issues metrics for implementation of the Uniform Guidance: Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards
View COFAR webcast on implementation of the guidance
SEC Finalizes Money Market Fund Rules
The SEC, by a vote of 3-2, finalized its rules governing money market funds. The rules impose a floating NAV for institutional prime money market funds and allow boards to impose fees and gates if a fund's weekly liquidity level falls below a designated threshold. Government and retail funds are specifically exempted from the floating NAV requirement and will continue trading at a fixed asset value. Municipal money market funds were not specifically exempted; however, the SEC staff noted that they believe many of these funds will meet the retail definition and therefore not be required to maintain a floating NAV.