On Thursday, April 10, 2014, at noon Dentons’ DC office will host the ABA PCLS Privatization, Outsourcing and Financing Transactions Committee’s monthly meeting, which will feature a panel discussion on setting standards for Federal Public Private Partnership (P3) transactions and the impact of the OMB scoring rules. Panelists will include:
- Dorothy Robyn (former Commissioner, Public Buildings Service for the General Services Administration, and former Deputy Under Secretary of Defense for Installations and Environment),
- Domenic N. Savini (Assistant Director, FASAB), and
- Steve Sorett (Dentons Senior Counsel and FASAB Advisory Board Member).
Panelists will discuss the efforts of the Federal Accounting Standards Advisory Board’s (FASAB) P3 Task Force, which circulated an Issue Paper in December 2013, and in February 2014 completed a draft Exposure Draft entitled “Public-Private Partnerships: Disclosure Requirements”. The panelists also will address the challenges that P3s face as a result of the current OMB scoring rules, and what the future holds in this area.