9 CRR-NY 1644-3.11NY-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 1644-3.11
9 CRR-NY 1644-3.11
1644-3.11 Payment of amortization to bondholders.
(a) On the date the amortization is due to be paid by the Comptroller to the holders of State housing bonds, payment of the installment is recorded by the following journal entry:
Entry (6):
Debit: Account 2313, Indebtedness Amortized, State of
New York
$XXX
Credit: Account 1124, State Housing Debt Fund
$XXX
Explanation:
To record the payment of amortization on housing bond issue no. ____.
(b) Account 2313, Indebtedness Amortized—State of New York, represents the cumulative total of amortization payments made by the State Comptroller to bondholders and appears on the balance sheet as a deduction from the total of certificates of indebtedness issued. Account 2600, Accumulated Amortization, represents the cumulative total of the provisions made for amortization, whether or not such provisions have been remitted to the State by the local agency or paid by the Comptroller, and appears on the balance sheet as a deduction from development costs.
9 CRR-NY 1644-3.11
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.