Code of Massachusetts Regulations
220 CMR - DEPARTMENT OF PUBLIC UTILITIES
Title 220 CMR 50.00 - Uniform System Of Accounts For Gas Companies
LIABILITIES AND OTHER CREDITS
8 - LONG-TERM DEBT
Section 224 - Other Long-Term Debt

Universal Citation: 220 CMR 50.00 MA Code of Regs 224

Current through Register 1531, September 27, 2024

A. This account shall include, until maturity, all long-term debt not otherwise provided for. This covers such items as receivers' certificates, real estate mortgages executed or assumed, assessments for public improvements, notes and unsecured certificates of indebtedness not owned by associated companies, receipts outstanding for long-term debt, and other obligations maturing more than one year from date of issue or assumption.

B. Separate accounts shall be maintained for each class of obligation, and records shall be maintained to show for each class all details as to date of obligation, date of maturity, interest dates and rates, security for the obligation, etc.

Miscellaneous long-term debt reacquired shall be accounted for in accordance with the procedure set forth in account 197, Reacquired Bonds.

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