S.B. 128

1

FINANCIAL TRANSPARENCY IN EDUCATION
2 2013 GENERAL SESSION
3 STATE OF UTAH
4 Chief Sponsor: Daniel W. Thatcher
5 House Sponsor: Steve Eliason
6
7 LONG TITLE
8 General Description:
9 This bill imposes requirements regarding the submission of public financial information
10 to the Utah Public Finance Website by a school district or charter school.
11 Highlighted Provisions:
12 This bill:
13 . requires a school district or charter school, when submitting public financial
14 information to the Utah Public Finance Website, to classify transactions in
15 accordance with a uniform chart of accounts that school districts and charter schools
16 are required to use for budgeting, accounting, financial reporting, and auditing
17 purposes pursuant to rules of the State Board of Education.
18 Money Appropriated in this Bill:
19 None
20 Other Special Clauses:
21 None
22 Utah Code Sections Affected:
23 ENACTS:
24 63A-3-406, Utah Code Annotated 1953
25
26 Be it enacted by the Legislature of the state of Utah:
27 Section 1. Section 63A-3-406 is enacted to read:

28 63A-3-406. Submission of public financial information by a school district or
29 charter school.
30 When submitting public financial information to the Utah Public Finance Website, a
31 school district or charter school shall classify transactions in accordance with the uniform chart
32 of accounts that school districts and charter schools are required to use for budgeting,
33 accounting, financial reporting, and auditing purposes pursuant to rules adopted by the State
34 Board of Education.




Legislative Review Note
as of 12-7-12 4:07 PM

Office of Legislative Research and General Counsel

[Bill Documents]