Section Rev 2005.08 - Function: Debt Service Expenditures related to interest and principal payments on long-term 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 bonds and notes;(b) Account 4712, principal - other debt, classification shall be for expenditures related to payment of principal associated with long term debt other than bonds or notes;(c) Account 4721, interest - long-term bonds and notes, classification shall be for expenditures related to the payment of interest associated with long-term debt in bonds or notes;(d) Account 4722, interest - other debt, classification shall be for expenditures related to payment of interest on long term debt other than bonds or notes;(e) Account 4723, interest on tax and revenue anticipation notes, classification shall be for expenditures related to the payment of interest on short-term temporary borrowing related to: (1) Tax anticipation notes; or(2) Revenue anticipation obligations; and(f) Account 4790, other debt service charges, classification shall be for expenditures for interest and other financing charges not associated with debt obligations, including: (1) Late payment penalties;(2) Fiscal agents' fees; andN.H. Admin. Code § Rev 2005.08
#5454, eff 8-28-92; ss by #6809, eff 7-21-98; ss by #8686, eff 7-21-06; ss by #10675, eff 9-24-14 (from Rev 2006.08 )
Amended byVolume XXXIV Number 41, Filed October 9, 2014, Proposed by #10675, Effective 9/24/2014, Expires9/24/2024.