Bill Text: TX HB1930 | 2017-2018 | 85th Legislature | Enrolled
Bill Title: Relating to financial accounting and reporting requirements for this state and political subdivisions of this state.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2017-06-15 - Effective immediately [HB1930 Detail]
Download: Texas-2017-HB1930-Enrolled.html
H.B. No. 1930 |
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relating to financial accounting and reporting requirements for | ||
this state and political subdivisions of this state. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Chapter 2266, Government Code, is repealed. | ||
SECTION 2. Section 112.002, Local Government Code, is | ||
amended by adding Subsection (c) to read as follows: | ||
(c) A regulation adopted under this section may not be | ||
inconsistent with generally accepted accounting principles as | ||
established by the Governmental Accounting Standards Board. | ||
SECTION 3. The changes in law made by this Act apply to | ||
financial accounting and reporting by a governmental entity that, | ||
immediately before the effective date of this Act, was subject to | ||
Chapter 2266, Government Code, as repealed by this Act, beginning | ||
with the governmental entity's first fiscal year that begins on or | ||
after September 1, 2018. | ||
SECTION 4. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2017. | ||
______________________________ | ______________________________ | |
President of the Senate | Speaker of the House | |
I certify that H.B. No. 1930 was passed by the House on April | ||
25, 2017, by the following vote: Yeas 145, Nays 0, 2 present, not | ||
voting. | ||
______________________________ | ||
Chief Clerk of the House | ||
I certify that H.B. No. 1930 was passed by the Senate on May | ||
19, 2017, by the following vote: Yeas 31, Nays 0. | ||
______________________________ | ||
Secretary of the Senate | ||
APPROVED: _____________________ | ||
Date | ||
_____________________ | ||
Governor |