22859716, 69I-72.001 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 22859716

Notice of Proposed Rule

Department:

DEPARTMENT OF FINANCIAL SERVICES

Division:

Division of Accounting and Auditing

Chapter:

State-owned Tangible Personal Property

Overview

RULE:

69I-72.001	Definitions
69I-72.002	Threshold for Recording Tangible Personal Property for Inventory Purposes
69I-72.003	Recording of Property
69I-72.007	Capitalization of Property

PURPOSE:

The purpose and effect of this rulemaking is to update certain definitions to agree with generally accepted accounting principles, to increase the current thresholds for recording tangible personal property inventory, to add the term “attractive items” and its definition, and to make other necessary updates to the rules.

SUMMARY:

The rule amendments update definitions, add the term “attractive items” and its definition, and increase the thresholds for recording tangible personal property inventory.

RULEMAKING AUTHORITY:

273.02, 273.025, 273.055 FS.

LAW:

273.01, 273.02, 273.025, 273.03, 273.04, 273.05, 273.055 FS.

PRINT PUBLISH DATE:

1/24/2020 Vol. 46/16

COMMENTS:

From 1/24/2020 To 2/14/2020 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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