The Governmental Accounting Standards Board (GASB) issued for public comment an Exposure Draft that would provide U.S. state and local governments with standards for financial reporting regarding government combinations (mergers, acquisitions, and transfers of operations) and disposals (sales and transfers) of government operations. The amendments in this proposal would be effective for periods beginning after December 15, 2013. The Exposure Draft is open for comment until June 15, 2012, and is available for review and download at Project 3-17.