| 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 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
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 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 |