| Issue Date: | 2019-09-01 |
|---|---|
| Revised Date: |
Legal Citations
- Government Code sec. 403.011, ch. 1201
Object Type
Cash — Other Revenue
Origin Date
September 1, 2020
Description
To record proceeds from the issuance of direct borrowing debt by a state agency authorized to issue debt in statute or the Texas Constitution. A borrowing is a loan instrument where the borrower goes directly to the lending source (for example, borrowing money from a bank). The direct borrowing is generally conducted without the use of an agent, such as a broker or investment banker.
Due Date
At the time of issuance.
Collecting Agencies
The administering state agency.
Deposit Funds
The appropriate fund or account
Note
Added to implement GASB Statement No. 88.
USAS Values
| Appropriation Year | 25 |
|---|---|
| USAS Title | ISSUANCE OF DIRECT BORROWINGS |
| Receipt Category | 14 – Other |
| Receipt Type | 56 – Investments, Loans, Advances |
| Object Group | 30 – Revenues |
| USAS Status | A |
| Rev/Exp Category | 23 – BOND AND NOTE PROCEEDS |