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Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Notes & Samples

NOTE 5 – Long-Term Liabilities
Liabilities Payable from Restricted Assets

Liabilities payable from restricted assets are liabilities associated with the acquisition of restricted assets or liabilities that will be liquidated with restricted assets. Segregate current liabilities from long-term liabilities and report separately.

This account is primarily used by the Texas Lottery Commission and the Texas Tomorrow Fund.

Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
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