Issue Date: 2019-09-01
Revised Date:

Legal Cites

Object Type

Cash — Other Revenue

Origin Date

September 1, 2020

Description

To record proceeds from the issuance of direct placement debt by a state agency authorized to issue debt in statute or the Texas Constitution. Direct placement is sale of debt securities to a single buyer or to a limited number of buyers without a public offering. Generally conducted by an investment banker or other agent.

Due Date

At the time of issuance.

Collecting Agencies

Deposit Funds

Note

Added to implement GASB Statement No. 88.

USAS Values

Appropriation Year 24
USAS Title ISSUANCE OF DIRECT PLACEMENTS
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