As used in this part, "accounting system" means:

1. (1) a system that integrates into the state's general ledger accounting system;
2. (2) a system used to summarize information that is manually entered into the state's general ledger accounting system;

3. (3) a system used to collect and maintain:

   1. (a) detailed financial information on each individual transaction or event; or
   2. (b) information used to present the funds and activities of the state;
4. (4) a system used to determine and demonstrate financial compliance with legal, federal, audit, and contractual provisions; or
5. (5) a system similar to a system described in Subsections (1) through (4).

Enacted by Chapter 398, 2024 General Session