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Tex. Gov't Code § 783.006

STANDARD FINANCIAL MANAGEMENT CONDITIONS

Known as the Uniform Grant and Contract Management Act

The act spans §§ 783–783 (12 sections).

Added by Acts 1991, 72nd Leg., ch. 38, Sec. 1, eff

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.