Form 5-1 (LIC9265) Long-Term Debt Incurred in a Prior Fiscal Year (Including Balloon Debt) - California

What Is Form 5-1 (LIC9265)?

This is a legal form that was released by the California Department of Social Services - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 5-1 (LIC9265)?
A: Form 5-1 (LIC9265) is a document used to report long-term debt incurred in a prior fiscal year in California.

Q: What does long-term debt incurred mean?
A: Long-term debt incurred refers to any debt that an organization or government agency has taken on and will be repaid over a period of more than one year.

Q: What is balloon debt?
A: Balloon debt refers to a type of loan or debt in which a large portion of the principal is paid back at the end of the loan term, rather than in regular installments.

Q: Who is required to file Form 5-1 (LIC9265)?
A: Government agencies in California that have incurred long-term debt in a prior fiscal year are required to file Form 5-1 (LIC9265).

Q: What information is required on Form 5-1 (LIC9265)?
A: Form 5-1 (LIC9265) requires the reporting of details such as the name of the agency, the date of the debt issuance, the type of debt, the principal amount, and other relevant information.