Issue Date: 1994-10-14
Revised Date:

Object Type

Cash — Debt Service

Reference

Description

To retire existing debt before its maturity and replace it with a new debt. Payments are made from the new bond proceeds and are reported in "Other Financing Sources (Uses)" as "Payment For Refunding."

Expenditure code 7810 includes, but is NOT limited to:

  • Defeasance of State Bonds -- Refunded

Note

USAS Values

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