Issue Date:
Revised Date:

Object Type

Cash — Debt Service

Reference

Description

To retire existing debt before its maturity and remove the debt and related assets from the balance sheet (i.e., extinguished). Payments are made from existing governmental resources or existing balances and are reported as "Expenditures."

Expenditure code 7800 includes, but is NOT limited to:

  • Defeasance of State Bonds

Note

RESTRICTED: This code may be used only by the Governor Fiscal, Agency 300, Texas Public Finance Authority, Agency 347Texas Department of Transportation, Agency 601, and Texas Southern University, Agency 717

USAS Values

Appropriation Year 20
USAS Title DEFEASANCE OF STATE BONDS
Object Group 03 – Bond Payments
USAS Status A
Rev/Exp Category 10 – PAYMENT ON PRINCIPAL-DEBT SERVICE