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September 09, 2019

ED Shares Preliminary Final Borrower Defense Rules →

ED announced its intention to finalize sweeping changes to the current borrower defense rules, which include revisions to financial responsibility composite score calculations. Although the rules have not yet been finalized, the regulations relating to financial responsibility will be available for immediate implementation as soon as they are published in the Federal Register.

September 06, 2019

NACUBO Responds to GASB on Technology Subscriptions →

In comments to the Governmental Accounting Standards Board on subscription-based information technology arrangements, NACUBO agreed with the proposed recognition methodology but questioned disclosures and transition guidance.

August 12, 2019

Budget Deal Lifts Debt Ceiling, Tees Up Appropriations →

After much negotiation, Congressional leaders settled on a bipartisan budget bill that President Trump has signed off on. The deal opens a possibility of repeal of unpopular portions of the Tax Cuts and Jobs Act, including the parking tax and the UBIT basketing requirement.