input: [Bill #] SB12-140 [Short Title] Generally Accepted Accounting Principles State Gov [Sponsors] GRANTHAM [Most Recent Status] 02/16/2012 Senate Committee on Finance Postpone Indefinitely [Calendar Notification] NOT ON CALENDAR [News Links] No news items found [Bill Summary] 
output: The bill requires the state controller, not later than January 1, 2014, to devise and maintain for all of the executive departments and agencies of state government a comprehensive budgeting, accounting, and reporting system in conformity with generally accepted accounting principles applicable to state governments. To guide the executive departments and state agencies in their use of this system, contemporaneously with the implementation of the system, the bill requires the controller to publish the components of such system and any applicable standards in an accounting procedures manual.