Section Rev 1705.14 - Debt Service 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; andN.H. Admin. Code § Rev 1705.14
#6335, eff 9-24-96 (from Rev 1707); ss by #8179, eff 9-24-04; ss by #10214, eff 10-24-12
Amended by Volume XLII Number 49, Filed December 8, 2022, Proposed by #13489, Effective 11/15/2022, Expires 11/15/2032 (see Revision Note at chapter heading for Rev 1700)