Issue Date:
Revised Date: 1993-09-01

Object Type

Cash — Investments

Reference

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

Note

USAS Values

Appropriation Year 20
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