§ 201.222 - Reacquired bonds.

Related Notices
- 96-7430. Final Rule. 96-7430. Editorial Changes to Various Regulations To Conform References to Revised Part 154; Order No. 586; Final Rule

Latest version.

A. This account shall include the face value of bonds actually issued or assumed by the utility and reacquired by it and not retired or canceled. The account for reacquired debt shall not include securities which are held by trustees in sinking or other funds.

B. When bonds are reacquired, the difference between face value, adjusted for unamortized discount, expenses or premium, and the amount paid upon reacquisition, shall be included in account 189, Unamortized Loss on Reacquired Debt, or account 257, Unamortized Gain on Reacquired Debt, as appropriate. (See General Instruction 17.)

                    
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