Texas § GV.403.272 - RESPONSIBILITY FOR PROPERTY ACCOUNTING

Full text of Texas The Texas Constitution § GV.403.272 — RESPONSIBILITY FOR PROPERTY ACCOUNTING, with citation guidance and answers to common questions.

§ GV.403.272. RESPONSIBILITY FOR PROPERTY ACCOUNTING

RESPONSIBILITY FOR PROPERTY ACCOUNTING. (a) A state agency must comply with this subchapter and maintain the property records required. (b) All personal property owned by the state shall be accounted for by the agency that possesses the property. The comptroller shall define personal property by rule for the purposes of this subchapter. In adopting rules, the comptroller shall consider the value of the property, its expected useful life, and the cost of recordkeeping. Added by Acts 1991, 72nd Leg., 2nd C.S., ch. 8,

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Frequently Asked Questions About Texas § GV.403.272

What does The Texas Constitution § GV.403.272 cover?

Section GV.403.272 ("RESPONSIBILITY FOR PROPERTY ACCOUNTING") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § GV.403.272?

A common citation format is "The Texas Constitution § GV.403.272" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § GV.403.272 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.