New Hampshire Code of Administrative Rules
Rev - Department of Revenue Administration
Chapter Rev 2200 - FINANCIAL ACCOUNTING FOR COUNTIES
Part Rev 2206 - CLASSIFICATION OF EXPENDITURE AND EXPENSE FUNCTIONS AND PROGRAMS
Section Rev 2206.09 - Function 4700: Debt Service
Current through Register No. 12, March 21, 2024
Expenditures related to interest and principal payments on debt shall be classified into the following accounts:
(a) Account 4711, principal - long-term bonds and notes, classification shall be for expenditures related to the payment and retirement of long-term debt;
(b) Account 4721, interest - long-term bonds and notes, classification shall be for expenditures related to the payment of interest associated with long-term debt;
(c) Account 4723, interest on revenue anticipation notes, classification shall be for expenditures related to the payment of interest on short-term temporary borrowing related to:
(d) Account 4750, fiscal agents' fees, classification shall be for payments made to financial institutions for services rendered in paying interest and redeeming debt at maturity;
(e) Account 4760, bond issuance costs, classification shall be for payments to bond underwriters, legal fees, and other costs associated with bond issuance; and
(f) Account 4790, other debt service charges, classification shall be for expenditures for interest and other financing charges associated with debt obligations not otherwise classified.
#5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06
