The Comptroller of Public Accounts proposes amendments to §5.160, concerning incorporation by reference: accounting policy statements 2012 - 2013. The Accounting Policy Statements are issued to provide procedures and guidelines to state agencies for the effective operation of the Uniform Statewide Accounting System and for preparation of the annual financial report. This section is being amended to update the effective dates of the Accounting Policy Statements incorporated by reference. The section is also being amended to update the website address where the Accounting Policy Statements may be found.

Tom Currah, 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. Currah 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 facilitating the collection and dissemination of state financial information. 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 Michael Apperley, Manager, Fiscal Integrity Department, P.O. Box 13528, Austin, Texas 78711-3528. Comments must be received no later than 30 days from the date of publication of the proposal in the Texas Register.

This amendment is proposed under Government Code, §§403.011, 2101.012, 2101.035, and 2101.037 which provide the comptroller with the authority to supervise and manage the state's fiscal concerns, prescribed rules and procedures relating to the operation of the Uniform Statewide Accounting System and the preparation of the annual financial report.

This amendment implements Government Code, §§403.011, 2101.012, 2101.035, and 2101.037.