9 CRR-NY 1644-3.10NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE S. DIVISION OF HOUSING AND COMMUNITY RENEWAL
CHAPTER III. LOW RENT HOUSING
SUBCHAPTER D. ACCOUNTING MANUAL FOR PUBLIC HOUSING AGENCIES
PART 1644. DEBT SERVICE
SUBPART 1644-3. DEBT SERVICE SUBSEQUENT TO ISSUANCE OF HOUSING BONDS
9 CRR-NY 1644-3.10
9 CRR-NY 1644-3.10
1644-3.10 Payment of amortization into State Housing Debt Fund.
Like the interest on housing bonds, the remittance for the installment of amortization must be forwarded to the division, for transmittal to the State Comptroller, so that it is in the latter's hands, for deposit in the State Housing Debt Fund, at least 15 days in advance of the date the amortization is due to be paid to the bondholders. The entry for the remittance of amortization will come through the voucher register, as follows:
Entry (5):
Debit: Account 1124, State Housing Fund
$XXX
Credit: Account 1112, Administration Fund
$XXX
Note:
That the credit for the remittance will always be to the administration fund, inasmuch as no part of the provision for amortization may be charged to development costs or to the related programs.
9 CRR-NY 1644-3.10
Current through September 15, 2021
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