State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7711 – Purchase of Mortgage Investments - Long-Term
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Object Type: Cash — Investments
Reference:
Issue Date:
Revised Date: 1993-09-01

Description


To record the investment of fund cash in long-term mortgages. This code applies to the principal value purchased which is always recorded at par value. The difference between par value and principal cost is recorded as discount or premium.

Expenditure code 7711 includes, but is NOT limited to:

  • Mortgage Investments -- Long-Term


Notes




USAS Values


Appropriation Year 26
USAS Title PURCHASE OF MORT INVESTMENTS-LONG TERM
Object Group 07 – Investment Purchases and Amortization of Premium/Discount
USAS Status A
Rev/Exp Category 20 – INVESTMENTS



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