State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7800 – Defeasance of State Bonds
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Object Type: Cash — Debt Service
Reference:
Issue Date:
Revised Date:

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


Notes


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


USAS Values


Appropriation Year 26
USAS Title DEFEASANCE OF STATE BONDS
Object Group 03 – Bond Payments
USAS Status A
Rev/Exp Category 10 – PAYMENT ON PRINCIPAL-DEBT SERVICE



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