Enrolled Bill Summary

            House Bill 2869 amends the Local Government Code to authorize a county to use the uniform chart of accounts developed by the Texas County Financial Data Advisory Committee and implemented by the comptroller in reporting financial data or other pertinent information to the state. The bill establishes the committee to study county financial reporting requirements and systems and make recommendations to the comptroller and the legislature on ways in which the collection and use of county financial data can be improved without resulting in additional costs to counties. The committee is required to develop and recommend a consolidated uniform financial reporting procedure that does not impose a greater reporting burden on counties than current practices and a voluntary uniform chart of accounts for counties. House Bill 2869 provides for appointment of the members and officers of the committee, quarterly meetings, and personnel and other resources to be provided by the comptroller, the Texas Association of Counties, and the Texas Conference of Counties for the operation of the committee. The bill requires the comptroller to adopt the uniform chart of accounts not later than September 1, 2002.