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Cal. Code Regs. tit. 2, § 1115.9 – Premium/Discount on Long Term Debt. | Midpage
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California Code of Regulations
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Chapter 2. State Controller
Subchapter 3. Accounting Procedures for Special Districts
Article 10. Redevelopment Agencies
§ 1115.9
Cal. Code Regs. tit. 2, § 1115.9
Premium/Discount on Long Term Debt.
State of California
(1) Record premium on the sale of bonds as a revenue of the project and discount as a project charge in the year of sale, or
(2) Capitalize premium and discount and amortize them during the life of the bonds.
The agency may either: