H.B. No. 2217
 
 
 
AN ACT
relating to the regulation of the practice of public accountancy.
       BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
       SECTION 1.  Section 901.002(a)(7), Occupations Code, is
amended to read as follows:
             (7)  "Corporation" has the meaning assigned by Section
1.002, Business Organizations Code. The term includes an entity
[means a corporation] authorized by [a statute applicable to this
state or by] an equivalent law of another state or a foreign country
[, including a professional public accounting corporation
organized under The Texas Professional Corporation Act (Article
1528e, Vernon's Texas Civil Statutes)].
       SECTION 2.  Section 901.155, Occupations Code, is amended to
read as follows:
       Sec. 901.155.  SCHOLARSHIP TRUST FUND FOR [FIFTH-YEAR]
ACCOUNTING STUDENTS.  (a)  The fee for the issuance or renewal of a
license under this chapter consists of:
             (1)  the amount of the fee set by the board under
Section 901.154; and
             (2)  an additional $10 annual fee to be deposited to the
credit of the scholarship trust fund for [fifth-year] accounting
students.
       (b)  The scholarship trust fund for [fifth-year] accounting
students is held by the board outside the state treasury and may be
used only to:
             (1)  provide scholarships under Subchapter N to
accounting students in [the fifth year of] a program designed to
qualify each student to apply for certification as a certified
public accountant; and
             (2)  pay administrative costs under Subsection (c).
       (c)  The administrative costs incurred to collect the fee
imposed under Subsection (a)(2) and to disburse the money may not
exceed 10 percent of the total money collected.
       (d)  Notwithstanding Section 404.071, Government Code,
interest earned on amounts in the scholarship trust fund for
[fifth-year] accounting students shall be credited to that fund.
       SECTION 3.  Section 901.252, Occupations Code, is amended to
read as follows:
       Sec. 901.252.  ELIGIBILITY REQUIREMENTS. To be eligible to
receive a certificate, a person must:
             (1)  satisfy the requirements of Section 901.253;
             (2)  meet the education requirements established under
Section 901.254 [or 901.255];
             (3)  pass the uniform CPA examination;
             (4)  meet the work experience requirements established
under Section 901.256; and
             (5)  pass an examination on the rules of professional
conduct as determined by board rule.
       SECTION 4.  Section 901.304(a), Occupations Code, is amended
to read as follows:
       (a)  For each examination or reexamination, the board by rule
shall apportion an amount of the total examination fee among the
parts of the examination that an applicant is eligible to take on a
particular examination date. For each examination or
reexamination, the board shall collect from each applicant a fee
set by board rule not to exceed the cost of administering the parts
of the examination that the applicant is eligible to take.
       SECTION 5.  The heading to Section 901.310, Occupations
Code, is amended to read as follows:
       Sec. 901.310.  PASSAGE OF [CONDITIONAL] EXAMINATION
[CREDIT].
       SECTION 6.  Section 901.310(c), Occupations Code, is amended
to read as follows:
       (c)  The board shall consider a person to have passed an
examination if the person receives credit for each subject within
the time prescribed by the board [by receiving conditional credit
after September 1, 1989, and passing the remaining subjects within
the six consecutive examinations following the examination for
which the person receives conditional credit].
       SECTION 7.  Section 901.311, Occupations Code, is amended to
read as follows:
       Sec. 901.311.  RESTRUCTURE OF EXAMINATION. On the
restructuring of [If] the uniform CPA examination [is
restructured], the board by rule shall determine the manner in
which credit for a subject is integrated into the new structure.
      

Statutes affected:
Introduced: Occupations Code 901.002, Occupations Code 901.404, Occupations Code 901.457, Occupations Code 901.656, Occupations Code 901.054 (Occupations Code 901)
House Committee Report: Occupations Code 901.002, Occupations Code 901.252, Occupations Code 901.304, Occupations Code 901.310, Occupations Code 901.311, Occupations Code 901.355, Occupations Code 901.404, Occupations Code 901.457, Occupations Code 901.656 (Occupations Code 901)
Engrossed: Occupations Code 901.002, Occupations Code 901.252, Occupations Code 901.304, Occupations Code 901.310, Occupations Code 901.311, Occupations Code 901.355, Occupations Code 901.404, Occupations Code 901.457, Occupations Code 901.656 (Occupations Code 901)
Senate Committee Report: Occupations Code 901.002, Occupations Code 901.252, Occupations Code 901.304, Occupations Code 901.310, Occupations Code 901.311, Occupations Code 901.355, Occupations Code 901.404, Occupations Code 901.457, Occupations Code 901.656 (Occupations Code 901)
Enrolled: Occupations Code 901.002, Occupations Code 901.155, Occupations Code 901.252, Occupations Code 901.304, Occupations Code 901.310, Occupations Code 901.311, Occupations Code 901.355, Occupations Code 901.404, Occupations Code 901.457, Occupations Code 901.653, Occupations Code 901.654, Occupations Code 901.656, Occupations Code 901.660 (Occupations Code 901)