Payment of amortization into State Housing Debt Fund
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
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.