Management and Budget Office January 2006 – Federal Register Recent Federal Regulation Documents
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Cost Accounting Standards Board; Accounting for Insurance Costs
The Cost Accounting Standards (CAS) Board, Office of Federal Procurement Policy, invites public comments on the staff discussion paper (SDP) regarding CAS 416, ``Accounting for Insurance Costs.'' In particular, this staff discussion paper addresses the use of the term ``catastrophic losses'' in CAS 416-50(b)(1).
Discount Rates for Cost-Effectiveness Analysis of Federal Programs
The Office of Management and Budget revised Circular A-94 in 1992. The revised Circular specified certain discount rates to be updated annually when the interest rate and inflation assumptions used to prepare the budget of the United States Government were changed. These discount rates are found in Appendix C of the revised Circular. The updated discount rates are shown below. The discount rates in Appendix C are to be used for cost-effectiveness analysis, including lease-purchase analysis, as specified in the revised Circular. They do not apply to regulatory analysis.
Proposed Risk Assessment Bulletin
As part of an ongoing effort to improve the quality, objectivity, utility, and integrity of information disseminated by the Federal Government to the public, the Office of Management and Budget (OMB), in consultation with the Office of Science and Technology Policy (OSTP), has referred to the National Academy of Sciences (NAS), for their expert review, new guidance to enhance the quality and objectivity of risk assessments produced by the Federal Government. OMB will also be accepting public comment on this document until June 15, 2006.
Executive Office of the President; Acquisition Advisory Panel; Notification of Upcoming Meetings of the Acquisition Advisory Panel
The Office of Management and Budget is issuing this notice to advise the public that the January 19, 2006 public meeting of the Acquisition Advisory Panel (AAP or ``Panel'') established in accordance with the Services Acquisition Reform Act (SARA) of 2003 has been cancelled and replaced with a January 31, 2006 public meeting.
Cost Accounting Standards Board; T&M Contracts for Commercial Items
The Cost Accounting Standards (CAS) Board is proposing to revise the CAS by providing an exemption for time-and-materials (T&M) and labor-hour (LH) contracts for the acquisition of commercial items.
Proposed Bulletin for Good Guidance Practices
The Office of Management and Budget (OMB) is extending the comment period regarding its draft Bulletin for Good Guidance Practices from December 2, 2005, to January 9, 2006. This Bulletin is intended to increase the quality and transparency of agency guidance practices and the guidance documents produced through them.
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