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<leg xml:space="preserve" sponsor="Anthony E. Loubet" designation="HB" sess="2025GS" fileno="2025FL0067" date="03-07-25" printDate="03-07 17:37" subVer="-2" minVer="2" office="LEGISLATIVE GENERAL COUNSEL" actionDate="" impact="code" billnum="HB0139" otherSponsor="Brady Brammer" otherHouse="Senate" subNumber="02" subSponsor="Anthony E. Loubet"><info><nextbuid>4</nextbuid><aminfo anum="0" effdate="05/07/2025" datetype="most"><seclist><sect action="A" src="code" buid="1" uid="C11-50-S201_2025050720250507" fromuid="C11-50-S201_1800010118000101" sort="11 50 02010020250507" mtype="section" effdate="05/07/2025">11-50-201</sect><sect src="uncod" untype="effdate" buid="3" uid="EF0000" sort="UZEFF" mtype="uncod" effdate="07/01/2025"/></seclist></aminfo></info><tbox><sinfo><nextpairid>0</nextpairid></sinfo><st numlevel="1" lineno="1" slineno="0-1">Governmental Accounting Amendments</st><sessionhead>2025 GENERAL SESSION</sessionhead><statehead>STATE OF UTAH</statehead><sponsorhead>Chief Sponsor: Anthony E. Loubet</sponsorhead><otherSponsorhead>Senate Sponsor: Brady Brammer</otherSponsorhead></tbox><lt numlevel="1" lineno="2" slineno="0-2"><lthead lineno="3">LONG TITLE</lthead><gdhead lineno="4">General Description:</gdhead><gd numlevel="1" lineno="5" slineno="0-5">This bill addresses a political subdivision's annual financial report.</gd><hphead lineno="6">Highlighted Provisions:</hphead><hp numlevel="1" lineno="7" slineno="0-7">This bill:<hl numlevel="1" lineno="8" slineno="0-8" level="1">requires the state auditor to develop a form; </hl><hl numlevel="1" lineno="9" slineno="0-9" level="1">requires a political subdivision's chief financial officer and chief administrative officer to <ln numlevel="1" lineno="10" slineno="0-10"/>include the state auditor's form with the political subdivision's annual financial report; <ln numlevel="1" lineno="11" slineno="0-11"/>and</hl><hl numlevel="1" lineno="12" slineno="0-12" level="1">makes conforming changes.</hl></hp><moni numlevel="1" lineno="13" slineno="0-13" display="none">Money Appropriated in this Bill:</moni><moniNone lineno="14">None</moniNone><oc numlevel="1" lineno="15" slineno="0-15">Other Special Clauses:</oc><ocNone lineno="16">None</ocNone><sa numlevel="1" lineno="17" slineno="0-17">Utah Code Sections Affected:<saamd numlevel="1" lineno="18" slineno="0-18"><snhead>AMENDS:</snhead><sn num="11-50-201" src="code" uid="C11-50-S201_2025050720250507" buid="1" sort="11 50 02010020250507" numlevel="1" lineno="19" slineno="0-19"><bold>11-50-201</bold>, as enacted by Laws of Utah 2013, Chapter 367</sn></saamd></sa></lt><enacthead lineno="20"/><enact numlevel="1" lineno="21" slineno="0-21">Be it enacted by the Legislature of the state of Utah:</enact><bdy><bsec buid="1" type="amend" src="code" num="11-50-201" uid="C11-50-S201_2025050720250507" sort="11 50 02010020250507" fromuid="C11-50-S201_1800010118000101" numlevel="1" lineno="22" slineno="1-1" sn="1"><section number="11-50-201" numlevel="1" lineno="23" slineno="1-2" type="amend"><secline lineno="22">Section 1, Section <bold>11-50-201</bold> is amended to read:</secline><catline lineno="23"><bold>11-50-201<parens/>. State auditor to develop financial certification form -- Certification <ln numlevel="1" lineno="24" slineno="1-3"/>by chief administrative officer and chief financial officer required.</bold></catline><subsection ssid="1-3" dnum="_-o:1-e" numlevel="1" lineno="25" slineno="1-4" ea="amend" anum="0" owner="admin" style="1" level="1" placement="noreturn"><display><amend anum="0" ea="amend" pairid="1000" style="1" owner="e" level="1" amendtag="start">(1)</amend></display><amend anum="0" ea="amend" pairid="10" groupid="10" style="1" owner="admin" level="1" amendtag="end">The state auditor shall, in consultation with stakeholders that represent the interests of <ln numlevel="1" lineno="26" slineno="1-5"/>local government and in accordance with accounting industry best practices, develop a <ln numlevel="1" lineno="27" slineno="1-6"/>financial certification form.</amend></subsection><subsection ssid="1-4" dnum="_-o:2-e" numlevel="1" lineno="28" slineno="1-7" ea="amend" anum="0" owner="admin" style="1" level="1"><display><amend anum="0" ea="amend" pairid="1001" style="1" owner="e" level="1" amendtag="both">(2)</amend></display>For an annual financial report of a political subdivision to be <amendoutstart style="2"/><amend anum="0" ea="erase" pairid="26" groupid="24" style="2" owner="admin" level="1" deltag="both">considered complete <ln numlevel="1" lineno="29" slineno="1-8"/>on and after July 1, 2013, the following certifications shall be included with the annual <ln numlevel="1" lineno="30" slineno="1-9"/>financial report:</amend><amendoutend style="2"/><amend anum="0" ea="amend" pairid="16" groupid="15" style="1" owner="admin" level="1" amendtag="both" space="true">complete, the chief administrative officer and chief financial officer <ln numlevel="1" lineno="31" slineno="1-10"/>shall ensure that the annual financial report includes the financial certification form <ln numlevel="1" lineno="32" slineno="1-11"/>developed by the state auditor under Subsection <xref refnumber="11-50-201(1)" depth="4">(1)</xref>.</amend><subsection ssid="1-1" dnum="1-o:_-e" numlevel="1" lineno="33" slineno="1-12" ea="erase" anum="0" owner="admin" style="2" level="1" format="full"><display><amendoutstart style="2"/><amend anum="0" ea="erase" pairid="1002" style="2" owner="o" level="1" deltag="start">(1)</amend></display><amend anum="0" ea="erase" pairid="17" groupid="16" style="2" owner="admin" level="1">Under penalty of perjury, I, [officer's name] certify that the [annual financial report] of <ln numlevel="1" lineno="34" slineno="1-13"/>[political subdivision] for the year ended [date] fairly presents in all material respects the <ln numlevel="1" lineno="35" slineno="1-14"/>financial condition and results of operations of [political subdivision].</amend><eol numlevel="1" lineno="36" slineno="1-15"/><para/><amend anum="0" ea="erase" pairid="18" groupid="17" style="2" owner="admin" level="1" deltag="end">[signature], Chief Administrative Officer.</amend><amendoutend style="2"/></subsection><subsection ssid="1-2" dnum="2-o:_-e" numlevel="1" lineno="37" slineno="1-16" ea="erase" anum="0" owner="admin" style="2" level="1" format="full"><display><amendoutstart style="2"/><amend anum="0" ea="erase" pairid="1003" style="2" owner="o" level="1" deltag="start">(2)</amend></display><amend anum="0" ea="erase" pairid="21" groupid="19" style="2" owner="admin" level="1">Under penalty of perjury, I, [officer's name] certify that the [annual financial report] of <ln numlevel="1" lineno="38" slineno="1-17"/>[political subdivision] for the year ended [date] fairly presents in all material respects the <ln numlevel="1" lineno="39" slineno="1-18"/>financial condition and results of operations of [political subdivision].</amend><eol numlevel="1" lineno="40" slineno="1-19"/><para/><amend anum="0" ea="erase" pairid="22" groupid="20" style="2" owner="admin" level="1" deltag="end">[signature], Chief Financial Officer.</amend><amendoutend style="2"/></subsection></subsection></section></bsec><bsec buid="3" type="uncod" untype="effdate" src="uncod" uid="EF0000" sort="UZEFF" langlock="true" numlevel="1" lineno="41" slineno="2-1" sn="2"><section type="uncod" untype="effdate" display="false" src="uncod"><secline lineno="41">Section 2.  <bold>Effective Date.</bold></secline><sectionText lineno="42"><amend anum="0" ea="amend" pairid="1" groupid="1" style="1" owner="admin" level="1" amendtag="both">This bill takes effect on <effdate uid="code" date="5/7/2025">May 7, 2025</effdate>.</amend></sectionText></section></bsec></bdy><foot><rev><tm>3-7-25 1:39 PM</tm></rev></foot></leg>