General Assembly Proposed Bill No. 68
January Session, 2011 LCO No. 283
Referred to Committee on Appropriations
Introduced by:
SEN. WELCH, 31st Dist.
General Assembly
Proposed Bill No. 68
January Session, 2011
LCO No. 283
Referred to Committee on Appropriations
Introduced by:
SEN. WELCH, 31st Dist.
AN ACT REQUIRING THE STATE TO USE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP).
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 use 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 adhere to GAAP.