State of Texas – Fiscal Management

Manual of Accounts

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Revenue Object 3409 – Farm and Ranch Finance Contract Repayments

 

Legal Citations:
Revenue Type: Cash — Agriculture
Origin Date: 1986 by H.B. 196, 69th Leg., R.S.
Issue Date: 1986-11-01
Revised Date: 2017-12-21

Description


To record repayment of loans made under farm and ranch finance program. Loan balance amortized over a period determined by the Texas Agricultural Finance Authority up to 40 years. The interest rate set by the authority. 



Due Date


As determined by the authority.



Collecting Agencies




Notes


Previously administered by General Land Office (305). Moved to Department of Agriculture by H.B. 1684, 73rd Leg., R.S.



USAS Values


Appropriation Year 26
USAS Title FARM & RANCH FINANCE CONTRACT REPAYMENTS
Receipt Category 09 – Agriculture
Receipt Type 56 – Investments, Loans, Advances
Object Group 12 – Loans - Revenue Objects
USAS Status A
Rev/Exp Category 23 – BOND AND NOTE PROCEEDS



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