9-3-402 - Determination of local governments not in compliance with accounting and financial reporting model Development of work plan. - Tennessee Statutes

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9-3-402. Determination of local governments not in compliance with accounting and financial reporting model Development of work plan.

The comptroller of the treasury shall determine those local governments that are in noncompliance on or after June 30, 2004, with the accounting and financial reporting model for financial statement presentation established by the Governmental Accounting Standards Board (GASB) in statement 34. Those governments determined to be in noncompliance with statement 34 shall be required to submit an implementation work plan to the comptroller of the treasury on a date prescribed by the comptroller. The chief executive officer of the local government shall serve as the primary person with authority and responsibility for development and submission of the local government's work plan, which shall include the primary government and all component units of the local government. The work plan shall include due dates and responsible persons or parties for implementation. The work plan shall not include an effective implementation date of later than June 30, 2008.

[Acts 2005, ch. 191, § 1.]

State Codes and Statutes

Statutes > Tennessee > Title-9 > Chapter-3 > Part-4 > 9-3-402

9-3-402. Determination of local governments not in compliance with accounting and financial reporting model Development of work plan.

The comptroller of the treasury shall determine those local governments that are in noncompliance on or after June 30, 2004, with the accounting and financial reporting model for financial statement presentation established by the Governmental Accounting Standards Board (GASB) in statement 34. Those governments determined to be in noncompliance with statement 34 shall be required to submit an implementation work plan to the comptroller of the treasury on a date prescribed by the comptroller. The chief executive officer of the local government shall serve as the primary person with authority and responsibility for development and submission of the local government's work plan, which shall include the primary government and all component units of the local government. The work plan shall include due dates and responsible persons or parties for implementation. The work plan shall not include an effective implementation date of later than June 30, 2008.

[Acts 2005, ch. 191, § 1.]

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Statutes > Tennessee > Title-9 > Chapter-3 > Part-4 > 9-3-402

9-3-402. Determination of local governments not in compliance with accounting and financial reporting model Development of work plan.

The comptroller of the treasury shall determine those local governments that are in noncompliance on or after June 30, 2004, with the accounting and financial reporting model for financial statement presentation established by the Governmental Accounting Standards Board (GASB) in statement 34. Those governments determined to be in noncompliance with statement 34 shall be required to submit an implementation work plan to the comptroller of the treasury on a date prescribed by the comptroller. The chief executive officer of the local government shall serve as the primary person with authority and responsibility for development and submission of the local government's work plan, which shall include the primary government and all component units of the local government. The work plan shall include due dates and responsible persons or parties for implementation. The work plan shall not include an effective implementation date of later than June 30, 2008.

[Acts 2005, ch. 191, § 1.]