(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.

Terms Used In Texas Government Code 783.006

  • Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
  • Contract: A legal written agreement that becomes binding when signed.

(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.

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