Sec. 783.006. STANDARD FINANCIAL MANAGEMENT CONDITIONS. (a) The comptroller shall compile and distribute to each state agency an official compilation of standard financial management conditions.
(b) The comptroller shall develop the compilation from Federal Management Circular A-102 or from a revision of that circular and from other applicable statutes and regulations.
(c) The comptroller shall include in the compilation official commentary regarding administrative or judicial interpretations that affect the application of financial management standards.
(d) The comptroller may:
(1) categorize the financial management conditions according to the type of grant or contract;
(2) designate programs to which the conditions are applicable; and
(3) revise the conditions.
Added by Acts 1991, 72nd Leg., ch. 38, Sec. 1, eff. Sept. 1, 1991.
Amended by:
Acts 2011, 82nd Leg., 1st C.S., Ch. 4 (S.B. 1), Sec. 44.03, eff. September 28, 2011.
Structure Texas Statutes
Title 7 - Intergovernmental Relations
Chapter 783 - Uniform Grant and Contract Management
Section 783.004. Office of the Comptroller
Section 783.005. Uniform Assurances
Section 783.006. Standard Financial Management Conditions
Section 783.007. Uniform Assurances and Standard Conditions Required; Variations
Section 783.008. Audit Coordination
Section 783.009. Matching Fund Waiver for Economically Disadvantaged County or Census Tract
Section 783.010. State Agency Reporting and Auditing Coordination