State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7814 – Interest On Proprietary Long-Term Debt – Operating
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Object Type: Cash — Debt Service
Reference:

For Fund Type definitions, please consult your AFR Reporting Requirements or your Financial Reporting Analyst.
Issue Date: 2005-09-01
Revised Date:

Description


To record the payment of interest due on state bonds issued under constitutional authority and on other long-term debt made with Proprietary Funds. This code is to be used for "program loans" as defined by GASB 9. One example would be interest expense on debt paid using proprietary funds to provide loans to first time homeowners or other individuals.

Expenditure code 7814 includes, but is NOT limited to:

  • Interest (long-term proprietary -- operating)


Notes


This code does NOT include:

  • Long-term debt interest using governmental or fiduciary funds (7801)
  • Long-term debt interest (Non-Operating) using proprietary funds (7815)
  • Late payment fees (interest) to the SSA or IRS (7210)
  • Interest amounts on judgments against the state (7241)

RESTRICTED: This code may be used only by the General Land Office, Agency 305, the Texas Department of Housing and Community Affairs, Agency 332, and the Texas Water Development Board, Agency 580.



USAS Values


Appropriation Year 26
USAS Title INTEREST PROP. LT DEBT - OPERATING
Object Group 10 – Expenditures
USAS Status A
Rev/Exp Category 11 – PAYMENT OF INTEREST - DEBT SERVICE



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