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A special-purpose local-option sales tax (SPLOST) is a financing method for funding capital outlay projects in the U.S. state of Georgia. It is an optional 1% sales tax levied by any county for the purpose of funding the building of parks , schools , roads , and other public facilities. [ 1 ]
A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
The Use of Not-for-Profit Accounting and Financial Reporting Principles by Governmental Entities: Aug. 1995: Superseded by 34 and 62; 30. Risk Financing Omnibus—an amendment of GASB Statement No. 10: Feb. 1996: Amended by various GASBS; 31. Accounting and Financial Reporting for Certain Investments and for External Investment Pools: Mar. 1997
Special districts possess some form of civil office, that is, the board has received a delegation of sovereign power from the state. [21] Some boards may be appointed by only landowners. [ 22 ] [ 23 ] Private entities may appoint some or all of the members of a special district; [ 24 ] [ 25 ] [ 26 ] however, there must be evidence of civil office.
If consolidated, the reporting entity will account for the subsidiary's assets, liabilities and any non-controlling interests of that legal entity in the reporting entity's consolidated financial statements. In order to determine whether a legal entity should be consolidated, the reporting entity must first assess whether the legal entity is a VIE.
A synthetic lease is a financing structure [1] by which a company structures the ownership of an asset so that – . for financial accounting purposes (under pre-2003 U.S. financial accounting rules), the asset is owned by a special-purpose entity and leased to the operating company under an operating lease.
A Georgia state judge released the full final report Friday morning of the special grand jury that investigated Donald Trump and his allies’ attempts to overturn the 2020 election in Georgia.
The types and nature of these municipal entities vary from state to state. In addition to these general-purpose local governments, states may also create special-purpose local governments. Depending on the state, local governments may operate under their own charters or under general law, or a state may have a mix of chartered and general-law ...