34 TAC §5.160
The Comptroller of Public Accounts adopts an amendment to §5.160,
concerning incorporation by reference: accounting policy statements 2006 -
2007, without changes to the proposed text as published in the February 17,
2006, issue of the
Texas Register
(31 TexReg
1011).
The accounting policy statements have been revised to reflect changes in
accounting policies and procedures necessitated by statutory changes made
by the 79th Legislature. The accounting policy statements are issued to provide
procedures and guidelines to state agencies for the effective operation of
the Uniform Statewide Accounting System (USAS) and for preparation of the
annual financial report. Each accounting policy statement contains legal references,
a background section, comptroller requirements and state agency requirements,
and division contact if more information is needed. Section 5.160 is also
being amended to correct the applicable biennium years, the effective date,
and the website at which the accounting policy statements can be accessed
by the public.
No comments were received regarding adoption of the amendment.
The amendment is adopted under Texas Government Code, §§403.011,
2101.012, 2101.035 and 2101.037 which provide the comptroller with the authority
to prescribe rules and procedures relating to the operation of the Uniform
Statewide Accounting System, the preparation of the annual financial report
and supervising the state's fiscal concerns.
The amendment implements Government Code, §§403.011, 2101.012,
2101.035, and 2101.037.
This agency hereby certifies that the adoption has been reviewed
by legal counsel and found to be a valid exercise of the agency's legal authority.
Filed with the Office of
the Secretary of State on March 24, 2006.
TRD-200601801
Martin Cherry
Chief Deputy General Counsel
Comptroller of Public Accounts
Effective date: April 13, 2006
Proposal publication date: February 17, 2006
For further information, please call: (512) 475-0387