General Assembly Raised Bill No. 6617 January Session, 2013 LCO No. 3300 *03300_______APP* Referred to Committee on APPROPRIATIONS Introduced by: (APP) General Assembly Raised Bill No. 6617 January Session, 2013 LCO No. 3300 *03300_______APP* Referred to Committee on APPROPRIATIONS Introduced by: (APP) AN ACT CONCERNING GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective July 1, 2013) Not later than November 30, 2013, and not later than each November thirtieth thereafter, the joint standing committee of the General Assembly having cognizance of matters relating to appropriations and the budgets of state agencies shall meet with the Secretary of the Office of Policy and Management, the director of the legislative Office of Fiscal Analysis, and such other persons as they deem appropriate, to review the progress of the implementation of generally accepted accounting principles with respect to the biennial budget of the state. This act shall take effect as follows and shall amend the following sections: Section 1 July 1, 2013 New section This act shall take effect as follows and shall amend the following sections: Section 1 July 1, 2013 New section Statement of Purpose: To ensure the implementation of generally accepted accounting principles with respect to the biennial budget of the state. [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]