Bonds and Interest Payable - Non-Current(COA)

This account group includes the principal and interest charges related to state debt payable at least one year or more subsequent to the balance sheet date.

Bonds Payable - Non-Current

This detail account subgroup is used to record the principal payment related to bond indebtedness which will be payable at least one year or more subsequent to the balance sheet date.

• 226100 Revenue Bonds Payable (old title: Coupon Bonds Payable)
  
This account is used to record the principal payment related to revenue bond indebtedness which will be payable at least one year or more subsequent to the balance sheet date. (Note:  Account was formerly titled Coupon Bonds Payable.  Effective for year end 6/30/03, account 226100 must only be used for revenue bonds payable as defined above.  See account 226101 for General Obligation Bonds payable.)

• 226101 General Obligation Bonds Payable
  
• 226102 Lease-purchase revenue bonds payable
  
• 226103 Grant Anticipation Revenue Bonds Payable
  To record the liability associated with the issuance of GARVEE bonds.
  
• 226105 Certificates of Participation Payable
• 226106 Limited Obligation Bonds Payable
   
• 226110 Unamortized Discount on Bonds Payable
  
This contra account includes the unamortized difference between the face value of bonds and their sales price. A discount results when the price paid is less than the bond face value.  (Note: Former account tile is Discounts/Premiums on Bonds Payable.  This account is longer being used for premium - use account 226120 for premium.)
 
• 226120 Unamortized Premium on Bonds Payable
  
This contra account includes the unamortized difference between the face value of bonds and their sales price.  A premium results when the price paid is greater than the bond face value.  Use account 226110 for discount.  (Note:  Former account title was Underwriters Fees, but this account should now only be used as defined above.)
 
• 226130 Unamortized Charge - Refunding Bonds (old title: Deferred Charges due to Advanced Refunding)
  
The unamortized portion of the difference between the reacquisition price and the net carrying amount of debt that has been refunded in either an advance refunding or current refunding transaction.  This account is added to or deducted from the related debt reported on the balance sheet.  (Note:  Account was formerly titled Deferred charges due to advance refunding.  Effective for year end 6/30/03, the account title and definition have been updated and expanded to the above.)
 
• 226140 Deep Discount Debt
  
This account is used to record payment for deep discount debt which will be payable at least one year subsequent to the balance sheet date. Deep discount debt is issued with a stated interest rate significantly less than the effective interest rate. Interest is received when the bond matures.