Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 4 - Executive Branch > CHAPTER 8 - DEPARTMENT OF MANAGEMENT == BUDGET AND FINANCIAL CONTROL ACT > 8.53 - GAAP DEFICIT -- GAAP IMPLEMENTATION.

8.53 - GAAP DEFICIT -- GAAP IMPLEMENTATION.

        8.53  GAAP DEFICIT -- GAAP IMPLEMENTATION.
         For the fiscal year beginning July 1, 1996, and each succeeding
      fiscal year, the governor shall recommend in the governor's budget
      and the general assembly shall provide funds to eliminate the GAAP
      deficit of the general fund of the state, as reported in the state's
      comprehensive annual financial report issued during the prior fiscal
      year, either through the appropriation of specific funds to correct a
      GAAP adjustment or by setting funds aside in a special account in an
      amount equal to the GAAP deficit.
         Section History: Recent Form
         92 Acts, ch 1227, § 3; 94 Acts, ch 1181, §7; 2001 Acts, 2nd Ex, ch
      2, §9, 13
         Referred to in § 8.55, 8.56, 8.57, 8.57A, 8.57B, 8.57C, 8.57D,
      16.185, 16.186, 16.187, 313.68, 426B.1, 453A.35A, 469.9