Bill Text: CT SB00180 | 2011 | General Assembly | Introduced


Bill Title: An Act Concerning The Use Of Generally Accepted Accounting Principles (gaap) By The State.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-03-18 - Public Hearing 04/05 [SB00180 Detail]

Download: Connecticut-2011-SB00180-Introduced.html

General Assembly

 

Proposed Bill No. 180

 

January Session, 2011

 

LCO No. 295

   

Referred to Committee on Appropriations

 

Introduced by:

 

SEN. BOUCHER, 26th Dist.

 

AN ACT CONCERNING THE USE OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) BY THE STATE.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That section 3-115b of the general statutes be amended to require that the Comptroller and the Secretary of the Office of Policy and Management adopt generally accepted accounting principles in the preparation and maintenance of the annual financial statements of the state and the preparation of the annual budget of the state.

Statement of Purpose:

To require that the state adopt GAAP.

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