Payment of amortization to bondholders
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
(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.