16 CRR-NY 465.3NY-CRR
16 CRR-NY 465.3
16 CRR-NY 465.3
465.3 Income from sinking and other funds.
(a) Interest and other revenues derived from funds carried in account 113, sinking funds and account 114, miscellaneous special funds, shall be credited to account 525, Revenues From Sinking and Other Funds.
(b) When the income is required by a mortgage or other provisions to be held in the fund from which the income arises, an amount equal to the income shall be added to the fund to which it is applicable.
(c) When income derived from sinking funds and other special funds is required to be retained in the fund and the fund is represented by a reserve, the amount of such income accretions to the fund shall be credited to the appropriate reserve account and charged to account 540, Miscellaneous Reservations of Net Income, or account 413, Miscellaneous Reservations of Surplus, as appropriate.
16 CRR-NY 465.3
Current through March 31, 2022
| End of Document |
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.