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
  • Neutral
  • Neutral
  • Neutral
  • Positive
  • 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.