H.B. 139 - Governmental Accounting Amendments

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Bill

Governmental Accounting Amendments

Number: H.B. 139 (2025GS)
Sponsor: Rep. Loubet, Anthony E.
Final action: Governor Signed 3/25/2025
Outcome: Became law — signed by Gov. Spencer J. Cox

Summary

This bill addresses a political subdivision's annual financial report.

What it does

This bill:
requires the state auditor to develop a form;
requires a political subdivision's chief financial officer and chief administrative officer to include the state auditor's form with the political subdivision's annual financial report; and
makes conforming changes.

Every vote on this bill

2/25/2025House Comm - Substitute Recommendation

House Political Subdivisions Committee

6-0-4not eligible / no record

2/25/2025House Comm - Favorable Recommendation

House Political Subdivisions Committee

6-0-4not eligible / no record

2/27/2025House/ passed 3rd reading

Senate Secretary

72-0-3ABSENT

3/3/2025Senate Comm - Favorable Recommendation

Senate Government Operations and Political Subdivisions Committee

7-0-0not eligible / no record

3/6/2025Senate/ passed 2nd & 3rd readings/ suspension

Senate President

23-0-6not eligible / no record

Bill text

enrolled version · official source

4
11-50-201
0
Governmental Accounting Amendments
2025 GENERAL SESSION
STATE OF UTAH
Chief Sponsor: Anthony E. Loubet
Senate Sponsor: Brady Brammer
LONG TITLE
General Description:
This bill addresses a political subdivision's annual financial report.
Highlighted Provisions:
This bill:
requires the state auditor to develop a form; 
requires a political subdivision's chief financial officer and chief administrative officer to 
include the state auditor's form with the political subdivision's annual financial report; 
and
makes conforming changes.
Money Appropriated in this Bill:
None
Other Special Clauses:
None
Utah Code Sections Affected:
AMENDS:
11-50-201
, as enacted by Laws of Utah 2013, Chapter 367
Be it enacted by the Legislature of the state of Utah:
Section 1, Section 
11-50-201
 is amended to read:
11-50-201
. State auditor to develop financial certification form -- Certification 
by chief administrative officer and chief financial officer required.
(1)
The state auditor shall, in consultation with stakeholders that represent the interests of 
local government and in accordance with accounting industry best practices, develop a 
financial certification form.
(2)
For an annual financial report of a political subdivision to be 
considered complete 
on and after July 1, 2013, the following certifications shall be included with the annual 
financial report:
complete, the chief administrative officer and chief financial officer 
shall ensure that the annual financial report includes the financial certification form 
developed by the state auditor under Subsection 
(1)
.
(1)
Under penalty of perjury, I, [officer's name] certify that the [annual financial report] of 
[political subdivision] for the year ended [date] fairly presents in all material respects the 
financial condition and results of operations of [political subdivision].
[signature], Chief Administrative Officer.
(2)
Under penalty of perjury, I, [officer's name] certify that the [annual financial report] of 
[political subdivision] for the year ended [date] fairly presents in all material respects the 
financial condition and results of operations of [political subdivision].
[signature], Chief Financial Officer.
Section 2. 
Effective Date.
This bill takes effect on 
May 7, 2025
.
3-7-25 1:39 PM