Texas Government Code 2101.015 – Componentization for Agency Receiving Federal Funds
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(a) In this section “componentization” means the process of separately calculating the depreciation of major building structural components, subsystems, and equipment.
(b) This section applies only to a state agency that receives federal funds to implement federal or joint federal and state programs.
Terms Used In Texas Government Code 2101.015
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Rule: includes regulation. See Texas Government Code 311.005
(c) A state agency shall complete a componentization of any agency-owned building with a fair market value of at least $1 million. As each building component is replaced, it shall be separately depreciated based on its individual useful life. At a minimum, the agency shall complete any componentization using the following component categories and suggested useful lives:
(1) building shell, 30 years;
(2) electrical and lighting systems, 20 years;
(3) plumbing systems, 20 years;
(4) fire protection systems, 20 years;
(5) elevator systems, 20 years;
(6) fixed equipment assets, 20 years;
(7) heating, ventilation, and cooling systems, 15 years;
(8) floor coverings, 15 years;
(9) interior finish, 15 years;
(10) miscellaneous construction features, 15 years; and
(11) roof coverings, 10 years.
(d) The comptroller by rule may modify the schedule prescribed by Subsection (c).