By Lucio S.B. No. 357
77R3315 MI-D
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the adoption by the state comptroller of a uniform
1-3 chart of accounts for county financial data.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 112.003, Local Government Code, is amended
1-6 to read as follows:
1-7 Sec. 112.003. COMPTROLLER'S AUTHORITY TO PRESCRIBE FORMS AND
1-8 ADOPT UNIFORM CHART OF ACCOUNTS [DETERMINE MANNER OF STATING
1-9 ACCOUNTS]. (a) The comptroller of public accounts shall prescribe
1-10 and prepare the forms to be used by county officials in the
1-11 collection of county revenue, funds, fees, and other money and in
1-12 the disbursement of funds. The comptroller shall adopt a uniform
1-13 chart of accounts to be used by a county for [prescribe the manner
1-14 of] keeping and stating the accounts of the officials.
1-15 (b) A county shall use the uniform chart of accounts adopted
1-16 by the comptroller in reporting financial data or other pertinent
1-17 information to the state [The comptroller shall prescribe forms
1-18 that the comptroller considers will meet the needs of
1-19 different-sized counties].
1-20 SECTION 2. (a) As soon as practicable after September 1,
1-21 2001, but not later than January 1, 2002, the comptroller shall
1-22 adopt the uniform chart of accounts authorized by Section 112.003,
1-23 Local Government Code, as amended by this Act.
1-24 (b) A county is not required to comply with the reporting
2-1 requirement of Section 112.003, as amended by this Act, before
2-2 January 1, 2003. The comptroller may extend the time by which a
2-3 county must comply with the reporting requirement of Section
2-4 112.003, Local Government Code, as added by this Act, on a clear
2-5 demonstration by the requesting county that complying within the
2-6 prescribed time would be unduly burdensome. The comptroller may
2-7 not extend the time for compliance later than January 1, 2004.
2-8 SECTION 3. This Act takes effect September 1, 2001.