State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7712 – Purchase of Real Estate Investments
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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 real estate. This code applies to the principal values purchased which is always recorded at par value. The difference between par value and principal cost is recorded as discount or premium.

Expenditure code 7712 includes, but is NOT limited to:

  • Real Estate Investments (purchase)


Notes




USAS Values


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



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