Texas Government Code § 2266.051 Requirements For System Of Accounting And Reporting

Sec. 2266.051. REQUIREMENTS FOR SYSTEM OF ACCOUNTING AND REPORTING. The system of accounting for and reporting the financial activities of this state and its political subdivisions:

(1) must be consistent with state financial laws;

(2) may not misrepresent the nature, scope, or duration of the financial activities of the state or political subdivision; and

(3) may follow the statutory standards in this chapter when other accounting bases conflict with state law.

Added by Acts 2007, 80th Leg., R.S., Ch. 1224 (H.B. 2365), Sec. 2, eff. June 15, 2007.

Renumbered from Government Code, Section 2264.051 by Acts 2009, 81st Leg., R.S., Ch. 87 (S.B. 1969), Sec. 27.001(49), eff. September 1, 2009.

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Last modified: September 28, 2016