State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7810 – Defeasance of State Bonds - Refunded
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Object Type: Cash — Debt Service
Reference:
Issue Date: 1994-10-14
Revised Date:

Description


To retire existing debt before its maturity and replace it with a new debt. Payments are made from the new bond proceeds and are reported in "Other Financing Sources (Uses)" as "Payment For Refunding."

Expenditure code 7810 includes, but is NOT limited to:

  • Defeasance of State Bonds -- Refunded


Notes




USAS Values


Appropriation Year 26
USAS Title DEFEASANCE OF STATE BONDS-REFUNDED
Object Group 03 – Bond Payments
USAS Status A
Rev/Exp Category 10 – PAYMENT ON PRINCIPAL-DEBT SERVICE



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