New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 1700 - FINANCIAL ACCOUNTING FOR CITIES, TOWNS, AND UNINCORPORATED TOWNS
Part Rev 1705 - CLASSIFICATION OF EXPENDITURE AND EXPENSE FUNCTIONS AND PROGRAMS
Section Rev 1705.14 - Debt Service

Universal Citation: NH Admin Rules Rev 1705.14

Current through Register No. 12, March 21, 2024

Expenditures related to interest and principal payments on long term debt shall be as follows:

(a) Account 4711, "Principal - Long Term Bonds, Notes, and Other Debt," shall be for expenditures related to the payment and retirement of long-term bonds, notes and other debt;

(b) Account 4721, "Interest - Long Term Bonds, Notes, and Other Debt," shall be for expenditures related to the payment of interest associated with long-term bonds, notes, and other debt;

(c) Account 4723, "Interest on Tax and Revenue Anticipation Notes," shall be for expenditures related to payment of interest on short-term borrowing for less than one year; and

(d) Account 4790, "Other Debt Service Charges," shall be for expenditures for interest and other financing charges not associated with debt obligations including but not limited to:

(1) Late payment penalties;

(2) Fiscal agents' fees; and

(3) Issuance costs.

#6335, eff 9-24-96 (from Rev 1707); ss by #8179, eff 9-24-04; ss by #10214, eff 10-24-12

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