Debt Service Payment

Debt Service Payment. With cooperation of DFA and/or the State Treasurer’s office, (a) Document the payment of debt for outstanding bonds related to the project. (b) Document that payments are being made by the State in a timely fashion and that provisions for these payments are included in the budget for each fiscal year. (c) Conduct payment performance review. (d) Maintain a schedule of outstanding debt and expenses related to the bond issuance for the project to readily determine interest expense, issuance costs, and remaining balances for the purpose of economic cost benefit analysis.