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House Bill 1930 |
House Author: Frullo |
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Effective: 6-15-17 |
Senate Sponsor: Perry |
House Bill 1930 repeals Government Code provisions governing financial accounting and reporting requirements for the state and its political subdivisions relating to, among other things, the statutory modified accrual basis of accounting and acceptable alternative accounting principles with regard to postemployment benefits other than pension benefits. The bill amends Local Government Code provisions relating to a county financial accounting system in a county with a county auditor and a population of 190,000 or more to prohibit an applicable regulation from being inconsistent with generally accepted accounting principles as established by the Governmental Accounting Standards Board.