34 TAC §5.160
The Comptroller of Public Accounts proposes an amendment
to §5.160, concerning incorporation by reference: accounting policy statements
2004-2005. 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.
John Heleman, Chief Revenue Estimator, has determined that for the first
five-year period the rule will be in effect, there will be no significant
revenue impact on the state or units of local government.
Mr. Heleman also has determined that for each year of the first five years
the rule is in effect, the public benefit anticipated as a result of enforcing
the rule will be in promoting more efficient state accounting operations.
This rule is adopted under Tax Code, Title 2, and does not require a statement
of fiscal implications for small businesses. There is no significant anticipated
economic cost to individuals who are required to comply with the proposed
rule.
Comments on the proposed rules may be addressed to Ken Welch, Director,
Fiscal Management Division, Comptroller of Public Accounts, P.O. Box 13528,
Austin, Texas 78711.
The amendment is proposed 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.
§5.160.Incorporation by Reference: Accounting Policy Statements 2006-2007 [ 2004-2005 ].
The "Accounting Policy Statements
2006-2007
[
2004-2005
]," issued by the Fund Accounting Division of the Comptroller of Public
Accounts as of
November 22, 2005
[
October 31, 2003
],
are incorporated by reference and filed with the secretary of state. All statements
are published by the comptroller in Austin, and copies may be obtained from
the comptroller upon request. All statements are also available on the comptroller's
website
at: https://fmx.cpa.state.tx.us/fm/pubs/aps/index.php
[
http://www.window.state.tx.us
].
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 February 6, 2006.
TRD-200600617
Martin Cherry
Chief Deputy General Counsel
Comptroller of Public Accounts
Earliest possible date of adoption: March 19, 2006
For further information, please call: (512) 475-0387