General Assembly Proposed Bill No. 5811
January Session, 2011 LCO No. 1383
Referred to Committee on Appropriations
Introduced by:
REP. CAFERO, 142nd Dist. REP. CANDELORA, 86th Dist. REP. KLARIDES, 114th Dist. SEN. MCKINNEY, 28th Dist. SEN. FASANO, 34th Dist.
General Assembly
Proposed Bill No. 5811
January Session, 2011
LCO No. 1383
Referred to Committee on Appropriations
Introduced by:
REP. CAFERO, 142nd Dist.
REP. CANDELORA, 86th Dist.
REP. KLARIDES, 114th Dist.
SEN. MCKINNEY, 28th Dist.
SEN. FASANO, 34th Dist.
AN ACT CONCERNING THE IMPLEMENTATION OF GAAP ACCOUNTING.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That sections 2-36b, 3-115b and 4-66 of the general statutes be amended to immediately require (1) the Comptroller, when submitting his monthly letter to the Governor, annual report and comprehensive annual financial report, (2) the Secretary of the Office of Policy and Management, when submitting his cumulative monthly statement to the State Comptroller and the information required under section 2-36b of the general statutes, and (3) the Director of the Office of Fiscal Analysis, when submitting the information required under section 2-36b of the general statutes and budget projection reports, to do so using both each office's current process of reporting and generally-accepted accounting principles (GAAP), so that the state can begin implementing GAAP.
Statement of Purpose:
To implement GAAP.