Accounting standard bill set for Senate committee hearing

SB 1102 by Sen. Duncan (R-Lubbock) excuses the state of Texas and its political subdivisions from following GASB 45, which requires the reporting of liability for other postemployment retirement benefits promised to employees.

The bill is slated for a hearing before the Senate State Affairs committee on Monday, March 19. Duncan chairs the committee.

Another article about this complicated issue appears in today’s Austin American-Statesman – click here to have a look.

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