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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Depreciating Professional, Academic, and Research Library Books and Materials

Issued: July 18, 2005
Updated: July 18, 2005

FPP N.006

Overview

Applicable to

All state agencies and institutions of higher education

Policy

Effective fiscal 2005, the Texas Comptroller of Public Accounts changed its classification of professional, academic and research library books and materials from non-depreciable to depreciable.

Agencies must structure their library assets in accordance with Comptroller’s office guidance.

Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
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