Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
---|---|---|---|---|---|
Yes | Neutral | Neutral | Neutral | Positive | Neutral |
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.