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Senate Bill 0190


Senate Bill 0190

ARCHIVE (2013)

Latest Information

 

DIGEST OF INTRODUCED BILL


Accrual accounting required. Requires, after December 31, 2013, that state agencies, state educational institutions, and political subdivisions maintain accounts on an accrual basis and, after December 31, 2014, include information prepared on an accrual basis in budgets and financial reports. Requires that the state board of accounts prescribe a plan for state agencies, state educational institutions, and political subdivisions to follow to convert to an accrual basis of accounting in budgets and financial reports. Specifies that this plan must be prescribed before October 1, 2013.
    Current Status:
     In Committee - first House
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