SENATE BILL 482 |
SENATE AUTHOR: Duncan |
EFFECTIVE: 09-01-01 |
HOUSE SPONSOR: Isett |
Senate Bill 482 amends the Government Code to adopt provisions relating to componentization, meaning the process of separately calculating the depreciation of major building structural components, subsystems, and equipment. The bill, applicable to a state agency that receives federal funds to implement federal or joint state-federal programs, requires the agency to complete a componentization of any building it owns with a fair market value of $1 million or more.