| Issue Date: | |
|---|---|
| Revised Date: | 1997-09-01 |
Legal Citations
- Government Code sec. 403.011
Object Type
Cash — Other Revenue
Origin Date
Description
To record gain on investments, obligations and securities at the time of disposition. Gains may occur as a result of a direct sale of the investment or with an exchange not involving cash. Code may be used by higher education for deposit into current funds (institutional).
Due Date
As determined by the responsible state agency, college or university
Collecting Agencies
The responsible agency
Deposit Funds
The appropriate fund or account
Note
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | GAIN ON SALE OF INVESTMT/OBLIG/SECURITY |
| Receipt Category | 14 – Other |
| Receipt Type | 70 – Interest and Dividends |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 02 – INTEREST AND INVESTMENT INCOME |