AMERICAN RESCUE PLAN BECOMES LAW
While many programs of importance to states will receive additional funds in the rescue plan, the State Recovery Fund is of particular interest as it provides direct aid.
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Archived NASACT News Issues
The printed NASACT News was discontinued in July 2016. Click to view old issues of NASACT News.
FAF and Government Organizations Sign MOU

Changes to the MOU are aimed at addressing some of the criticisms of the FAF by the government organizations following the appointment of the GASB chair in December 2019.

President Issues Memos Providing Retroactive 100% FEMA Cost Share

New memo provides that the 100 percent cost share is retroactive for eligible work performed beginning January 20, 2020. A fact sheet highlighting the FEMA action can be found here.

ALAN SKELTON NAMED GASB DIRECTOR OF RESEARCH AND TECHNICAL ACTIVITIES

Skelton will begin his duties as director with the GASB on April 1, 2021. He replaces David R. Bean, who will retire on March 31.