The Comptroller of Public Accounts adopts to incorporate by reference an amendment to §5.160, incorporation by reference; accounting policy statements 2002-2003, without changes to the proposed text as published in the July 30, 2004, issue of the Texas Register (29 TexReg 7286).

The accounting policy statements are issued to provide procedures and guidelines to state agencies for the effective operation of the Uniform Statewide Accounting System (USAS) and for preparation of the annual financial report. Each accounting policy statement contains legal references, a background section, comptroller requirements and state agency requirements, and division contact if more information is needed.

No comments were received regarding adoption of the amendment.

The amendment is adopted under Texas Government Code, §§403.011, 2101.012, 2101.035 and 2101.037 which provide the comptroller with the authority to prescribe rules and procedures relating to the operation of the Uniform Statewide Accounting System, the preparation of the annual financial report and supervising the state's fiscal concerns.

The adoption implements Government Code, §§403.011, 2101.012, 2101.035, and 2101.037.