Bill
HB 1930
85(R) - 2017
House Government Transparency & Operation
Senate State Affairs
House Government Transparency & Operation
Senate State Affairs
County Government
Finance
Vote Recommendation
Yes
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Neutral
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Neutral
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Neutral
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Positive
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Neutral
Author(s)
John Frullo
Sponsor(s)
Charles Perry
Bill Caption
Relating to financial accounting and reporting requirements for this state and political subdivisions of this state.
Fiscal Notes
No significant fiscal implication to the State is anticipated.
Bill Analysis
HB 1930 would repeal Government Code, Chapter 2266 which allows for a statutory modified accrual basis of accounting by the State and political subdivisions. Chapter 2266 also allows accounting for post-employment benefits (OPEB) other than pension benefits on a pay-as-you-go basis as an alternative standard to the Governmental Accounting Standards Board (GASB). The repeal of this chapter would require state and local governments to comply with GASB.
Subsequently, a provision would be created to prohibit any regulation inconsistent with the general accounting principles set by the Government Accounting Standards Board for certain counties.
Vote Recommendation Notes
Texas Action supports the provisions in this bill which seek to unify the accounting standards for certain county auditors to create consistency and clarity. While a portion of this bill is localized, we support the intention for local government entities to comply with the GASB. This upholds our principle of limited government, so for this reason, we support this legislation.