By Keel H.B. No. 1219 76R2239 SMJ-F A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the accounting system in certain counties. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Section 112.002, Local Government Code, is 1-5 amended by adding Subsection (c) to read as follows: 1-6 (c) A regulation adopted under this section may not be 1-7 inconsistent with generally accepted accounting principles as 1-8 established by the Governmental Accounting Standards Board. 1-9 SECTION 2. (a) This Act applies only to a regulation 1-10 adopted by a county on or after the first day of the county's 1-11 fiscal year that begins on or after the effective date of this Act. 1-12 (b) A regulation adopted by a county before the first day of 1-13 the county's fiscal year that begins on or after the effective date 1-14 of this Act is covered by the law in effect immediately before the 1-15 effective date of this Act, and the former law continues in effect 1-16 for that purpose. 1-17 SECTION 3. The importance of this legislation and the 1-18 crowded condition of the calendars in both houses create an 1-19 emergency and an imperative public necessity that the 1-20 constitutional rule requiring bills to be read on three several 1-21 days in each house be suspended, and this rule is hereby suspended, 1-22 and that this Act take effect and be in force from and after its 1-23 passage, and it is so enacted.