Section Rev 2206.09 - Function 4700: Debt ServiceExpenditures 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: (1) Municipal assessment; or(2) Revenue anticipation obligations;(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.N.H. Admin. Code § Rev 2206.09
#5455, eff 8-28-92; ss by #6808, eff 7-21-98; ss by #8687, eff 7-21-06