34 TAC §5.160
The Comptroller of Public Accounts proposes to incorporate
by reference an amendment to §5.160, concerning accounting policy statements.
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.
James LeBas, 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 local government.
Mr. LeBas 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 providing new information regarding tax responsibilities.
There is no significant anticipated economic cost to individuals who are required
to comply with the proposed rule. The rule will have no fiscal implication
on small businesses.
Comments on the proposal may be submitted to Mike Reissig, Director, Fiscal
Management Division, P.O. Box 13528, Austin, Texas 78711.
This amendment is proposed under the Government Code, §§403.011,
2101.012, 2101.035, and 2101.037 which provides 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, §2101.012 and §2101.035.
§5.160.Incorporation by Reference: Accounting Policy Statements 2000-2001 [ 1990- 1991].
The "Accounting Policy Statements
2000-2001
[
1990-1991
]," issued by the Fund Accounting Division of the Comptroller of Public
Accounts
as of January 25, 2001
[
on February 1, 1990
],
is 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
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 April 27, 2001.
TRD-200102427
Martin Cherry
Deputy General Counsel for Tax Policy and Agency Affairs
Comptroller of Public Accounts
Earliest possible date of adoption: June 10, 2001
For further information, please call: (512) 463-4062