The Comptroller of Public Accounts proposes an amendment to §5.140, concerning replacement warrants.

This section is amended to reflect the definition of a state agency, an appropriation year, a fiscal year and a warrant. The change to the rule is found in subsection (a)(8), (10), (11) and (12), respectively. This section is also amended to reflect the deleted reference to a check and to change fiscal year to appropriation year. This change to the rule is found in subsection (g)(1) and (4).

John Heleman, Chief Revenue Estimator, has determined that for the first five-year period the rule will be in effect, there will be no significant revenue impact on the state or units of local government.

Mr. Heleman also has determined that for each year of the first five years the rule is in effect, the public benefit anticipated as a result of enforcing the rule will be by providing new definitions to clarify the rule's provisions. The proposed amendment would have no fiscal impact on small businesses. There is no significant anticipated economic cost to individuals who are required to comply with the proposed rule.

Comments on the proposal may be submitted to Lisa Nance, Manager of Statewide Fiscal Services, P.O. Box 13528, Austin, Texas 78711.

This amendment is proposed under Government Code, §403.054, which requires the comptroller to adopt rules relating to the issuance of replacement warrants.

The amendment implements Government Code, §403.054