Expenditures related to interest and principal payments on long term debt shall be as follows:

1. (a) Account 4711, “Principal - Long Term Bonds, Notes, and Other Debt,” shall be for expenditures related to the payment and retirement of long-term bonds, notes and other debt;
2. (b) Account 4721, “Interest - Long Term Bonds, Notes, and Other Debt,” shall be for expenditures related to the payment of interest associated with long-term bonds, notes, and other debt;
3. (c) Account 4723, “Interest on Tax and Revenue Anticipation Notes,” shall be for expenditures related to payment of interest on short-term borrowing for less than one year; and

4. (d) Account 4790, “Other Debt Service Charges,” shall be for expenditures for interest and other financing charges not associated with debt obligations including but not limited to:

   1. (1) Late payment penalties;
   2. (2) Fiscal agents’ fees; and
   3. (3) Issuance costs.

Source. #6335, eff 9-24-96 (from Rev 1707); ss by #8179, eff 9-24-04; ss by #10214, eff 10-24-12; ss by #13489, eff 11-15-22 (see Revision Note at chapter heading for Rev 1700)