Expenditures related to interest and principal payments on long-term debt shall be classified into the following accounts:

1. (a) Account 4711, principal – long–term bonds and notes, classification shall be for expenditures related to the payment and retirement of long-term debt bonds and notes;
2. (b) Account 4712, principal – other debt, classification shall be for expenditures related to payment of principal associated with long term debt other than bonds or notes;
3. (c) Account 4721, interest – long-term bonds and notes, classification shall be for expenditures related to the payment of interest associated with long-term debt in bonds or notes;
4. (d) Account 4722, interest – other debt, classification shall be for expenditures related to payment of interest on long term debt other than bonds or notes;

5. (e) Account 4723, interest on tax and revenue anticipation notes, classification shall be for expenditures related to the payment of interest on short-term temporary borrowing related to:

   1. (1) Tax anticipation notes; or
   2. (2) Revenue anticipation obligations; and

6. (f) Account 4790, other debt service charges, classification shall be for expenditures for interest and other financing charges associated with debt obligations, including:

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

Source. #5454, eff 8-28-92; ss by #6809, eff 7-21-98; ss by #8686, eff 7-21-06; ss by #10675, eff 9-24-14 (from Rev 2006.08); ss by #14072, eff 9-10-24