State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7392 – Land Purchased for Resale/Housing Loans

 

Object Type: Cash — Cost of Goods Sold
Reference:
Issue Date:
Revised Date:

Description


To record the payment for the purchase of land to be resold to eligible Texas veterans. To record loans made to veterans under the Veterans Housing Assistance Act. This code includes all expenses incidental to that purchase.

Expenditure code 7392 includes, but is NOT limited to:

  • Housing Loans (Veterans Land Board)
  • Land (purchased for resale)


Notes


RESTRICTED: This code may be used only by the General Land Office, Agency 305, and the Veterans Land Board, Agency 328.



USAS Values


Appropriation Year 26
USAS Title LAND PURCHASE/RESALE/HOUSELOAN
Object Group 07 – Investment Purchases and Amortization of Premium/Discount
USAS Status A
Rev/Exp Category 18 – COST OF GOODS SOLD



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