01-08 15:33 H.B. 139
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Governmental Accounting Amendments
2025 GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Anthony E. Loubet
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LONG TITLE
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General Description:
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This bill addresses a political subdivision's annual financial report.
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Highlighted Provisions:
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This bill:
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▸ modifies the language of the certifications that a political subdivision's chief financial
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officer and chief administrative officer are required to include with the political
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subdivision's annual financial report; and
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▸ makes conforming changes.
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Money Appropriated in this Bill:
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None
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Other Special Clauses:
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This bill provides a special effective date.
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Utah Code Sections Affected:
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AMENDS:
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11-50-201, as enacted by Laws of Utah 2013, Chapter 367
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Be it enacted by the Legislature of the state of Utah:
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Section 1. Section 11-50-201 is amended to read:
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11-50-201 . Certification by chief administrative officer and chief financial
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officer required.
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For an annual financial report of a political subdivision to be considered complete on
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and after [July 1, 2013] July 1, 2024, the following certifications shall be included with the
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annual financial report:
27 (1) Under penalty of perjury, I, [officer's name] certify that [the [annual financial report] of
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[political subdivision] for the year ended [date] fairly presents in all material respects the
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financial condition and results of operations of [political subdivision]] I have reviewed the
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[annual financial report] of [political subdivision] for the year ended [date]. To the best of my
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knowledge and belief, the [annual financial report] does not contain an untrue statement of H.B. 139 01-08 15:33
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material fact, or omit a material statement of fact, that would cause the [annual financial
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report] to be misleading. To the best of my knowledge and belief, the financial statements, and
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other information provided to the Office of the State Auditor in the [annual financial report],
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fairly present in all material respects the financial condition and results of operation of
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[political subdivision] for the year ended [date]. The Chief Financial Officer and I are
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responsible for the design, implementation, maintenance, and evaluation of internal controls
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over financial reporting, and the fair presentation of financial reports. I have disclosed any
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significant deficiencies or material weaknesses in the internal controls that are reasonably
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likely to adversely affect the fair presentation of the operations of [political subdivision].
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[signature], Chief Administrative Officer.
42 (2) Under penalty of perjury, I, [officer's name] certify that [the [annual financial report] of
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[political subdivision] for the year ended [date] fairly presents in all material respects the
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financial condition and results of operations of [political subdivision]] I have reviewed the
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annual financial report of [political subdivision] for the year ended [date]. To the best of my
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knowledge and belief, the [annual financial report] does not contain an untrue statement of
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material fact, or omit a material statement of fact, that would cause the [annual financial
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report] to be misleading. To the best of my knowledge and belief, the financial statements, and
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other information provided to the Office of the State Auditor in the [annual financial report],
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fairly present in all material respects the financial condition and results of operation of
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[political subdivision] for the year ended [date]. The Chief Administrative Officer and I are
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responsible for the design, implementation, maintenance, and evaluation of internal controls
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over financial reporting, and the fair presentation of financial reports. I have disclosed any
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significant deficiencies or material weaknesses in the internal controls that are reasonably
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likely to adversely affect the fair presentation of the operations of [political subdivision].
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[signature], Chief Financial Officer.
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Section 2. Effective date.
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This bill takes effect on July 1, 2025.
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