Summary: H.R.12885 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.12885. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/30/1976)

Truth in Municipal Accounting Act - Requires that States and units of local government, to qualify for revenue sharing funds, must establish to the satisfaction of the Secretary of the Treasury that they will provide the Secretary with the results of an independant audit of their financial records of the immediately preceeding fiscal year and the budgets of the current and succeeding fiscal years, if available.