State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7714 – Purchase of Miscellaneous 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 miscellaneous investments with a term greater than one year. Code applies to principal value purchased which is recorded at par value. The difference between the par value and principal cost is recorded as discount or premium.

Expenditure code 7714 includes, but is NOT limited to:

  • Miscellaneous Investments - Long-Term


Notes




USAS Values


Appropriation Year 26
USAS Title PURCHASE OF MISC 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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