85th Texas Legislature, Regular Session, House Bill 1930, Chapter 1047 Page: 1 of 6
6 p.View a full description of this legislative document.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Chapter 1047
H.B. No. 1930
1 AN ACT
2 relating to financial accounting and reporting requirements for
3 this state and political subdivisions of this state.
4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
5 SECTION 1. Chapter 2266, Government Code, is repealed.
6 SECTION 2. Section 112.002, Local Government Code, is
7 amended by adding Subsection (c) to read as follows:
8 (c) A regulation adopted under this section may not be
9 inconsistent with generally accepted accounting principles as
10 established by the Governmental Accounting Standards Board.
11 SECTION 3. The changes in law made by this Act apply to
12 financial accounting and reporting by a governmental entity that,
13 immediately before the effective date of this Act, was subject to
14 Chapter 2266, Government Code, as repealed by this Act, beginning
15 with the governmental entity's first fiscal year that begins on or
16 after September 1, 2018.
17 SECTION 4. This Act takes effect immediately if it receives
18 a vote of two-thirds of all the members elected to each house, as
19 provided by Section 39, Article III, Texas Constitution. If this
20 Act does not receive the vote necessary for immediate effect, this
21 Act takes effect September 1, 2017.1
Upcoming Pages
Here’s what’s next.
Search Inside
This document can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Legislative Document.
Texas. Legislature. House of Representatives. 85th Texas Legislature, Regular Session, House Bill 1930, Chapter 1047, legislative document, June 15, 2017; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth1050314/m1/1/: accessed August 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.