Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the OMB?

OMB
0
Posted

What is the OMB?

0 CommentsAdd a Comment

1 Answer

0

The Office of Management and Budget (OMB) is the federal agency responsible for evaluating leases done by the government. OMB determines whether the leases are capital (agency would have to obligate entire value of transaction in the year of the lease) or operating (standard lease recognized by all). All lease terms would have to go through the scoring process. Generally, a lease will run 25-50 years.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.