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OK SB2092
Bill
Status
3/8/2010
Primary Sponsor
Phil Richardson
Click for details
AI Summary
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Amends the County Budget Act to add fostering cooperation among elected officials for effective county government operations as a stated purpose of the legislation.
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Modifies Section 1405 to allow (rather than require) counties to establish accounting records in conformity with generally accepted accounting principles (GAAP).
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Requires accounting statements to conform to GASB (Government Accounting Standards Board) reporting requirements, or alternatively present financial statements using comprehensive basis of accounting other than GAAP as defined by the American Institute of Certified Public Accountants.
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Effective date of November 1, 2010.
Legislative Description
Counties and county government; authorizing the adoption of certain principles which foster cooperation among certain persons; modifying purposes in which resale property fund may be expended. Effective date.
Counties
Last Action
CCR submitted
5/24/2010