22 TAC §513.5
The Texas State Board of Public Accountancy (Board) proposes
an amendment to §513.5 concerning Restrictions Concerning Members of
Partnerships and Corporations.
The amendment to §513.5 will correct a clerical mistake that occurred
while transmitting the final adopted version.
William Treacy, Executive Director of the Board, has determined that for
the first five-year period the proposed amendment will be in effect:
A. the additional estimated cost to the state expected as a result of enforcing
or administering the amendment will be zero because the amendment simply corrects
a clerical mistake.
B. the estimated reduction in costs to the state and to local governments
as a result of enforcing or administering the amendment will be zero because
the amendment simply corrects a clerical mistake.
C. the estimated loss or increase in revenue to the state as a result of
enforcing or administering the rule will be zero because the amendment simply
corrects a clerical mistake.
Mr. Treacy has determined that for the first five-year period the amendment
is in effect the public benefits expected as a result of the proposed amendment
will be zero.
The probable economic cost to persons required to comply with the amendment
will be zero because the amendment simply corrects a clerical mistake.
Mr. Treacy has determined that a Local Employment Impact Statement is not
required because the proposed amendment will not affect a local economy.
The Board request comments on the substance and effect of the proposed
amendment from any interested person. Comments must be received at the Board
no later than noon on June 26, 2000. Comments should be addressed to Amanda
G. Birrell, General Counsel, Texas State Board of Public Accountancy, 333
Guadalupe, Tower III, Suite 900, Austin, Texas, 78701 or faxed to her attention
at (512) 305-7854.
Mr. Treacy has determined that the proposed amendment will not have an
adverse economic effect on small businesses because the amendment simply corrects
a clerical mistake.
The Board specifically invites comments from the public on the issues of
whether or not the proposed amendment will have an adverse economic effect
on small business; if the amendment is believed to have such an effect, then
how may the Board legally and feasibly reduce that effect considering the
purpose of the statute under which the amendment is to be adopted; and if
the amendment is believed to have such an effect, how the cost of compliance
for a small business compares with the cost of compliance for the largest
business affected by the amendment under any of the following standards: (a)
cost per employee; (b) cost for each hour of labor; or (c) cost for each $100
of sales. See Texas Government Code, §2006.002(c).
The amendment is proposed under the Public Accountancy Act, Texas
Occupations Code, §901.151 (Vernon 1999) which authorizes the Board to
adopt rules deemed necessary or advisable to effectuate the Act.
No other article, statute or code is affected by this proposed amendment.
§513.5.Restrictions Concerning Members of Partnerships and Corporations.
Registration under §901.355 and §901.454 of the Act and this
section does
not
qualify the registrant to be a partner of a partnership,
shareholder, officer, or director of a corporation which is registered with
the board.
This agency hereby certifies that the proposal has been reviewed
by legal counsel and found to be within the agency's legal authority to adopt.
Filed with the Office of
the Secretary of State, on May 22, 2000.
TRD-200003571
William Treacy
Executive Director
Texas State Board of Public Accountancy
Earliest possible date of adoption: July 2, 2000
For further information, please call: (512) 305-7848