71-211. Standardized and uniform chart of accounts; use required.

71-211

Chapter 71.--SCHOOLS--COMMUNITY COLLEGES Article 2.--ORGANIZATION, POWERS AND FINANCES OF BOARDS OF TRUSTEES

      71-211.   Standardized and uniform chart of accounts; use required.The director of accounts and reports, with the advice of the stateboard of regents and the legislative educationalplanning committee,shall prescribe a standardized and uniform chartof accounts for use by all community colleges. Such chart ofaccounts shall be compatible with the revenues and expendituresclassification system developed by the national association of collegeand university business officers. The chart of accounts shall beadaptable to manual or automated systems, and use of such chart ofaccounts is hereby required for all community colleges.

     

      History:   L. 1973, ch. 293, § 1; L. 1978, ch. 300, § 1; L.1979, ch. 217, § 1; L. 1980, ch. 207, § 12;L. 1999, ch. 147, § 88; July 1.