3722  CALIFORNIA STATE UNIVERSITY AND COLLEGES DORMITORY 
INTEREST AND REDEMPTION FUND, NO. 578

The Interest Redemption Fund is accounted only in the CSU Controller's 
Office in the Chancellor's Office (CSUCO).  Individual accounts are 
established to maintain the required reserves and to make the semiannual 
payments for each bond issue.

 1.	Trust Projects

	Not applicable.

 2.	Trust Agreements

	The bond resolution is the trust agreement for each account established 
	in the Dormitory and Interest Redemption Fund.

 3.	Working Capital

	Not applicable.

 4.	Budgets

	Budgets are not established in this fund.

 5.	General Accounting

	a.	Accruals

		Accruals are to be made at the end of each fiscal year based upon 
		the outstanding bond principal and interest payable.

	b.	Obligations

		See General Guidelines, SUAM Paragraph 3710.05.02.

	c.	Relief of Accountability

		Not applicable.

 6.	Receipts

	Funds are not typically remitted to the Bond Interest and Redemption 
	Fund.  Any funds collected, such as abatements or student fees, are 
	remitted to the Dormitory Revenue Fund.  Periodically, funds are 
	transferred from the Dormitory Revenue Fund to the Bond Interest 
	and Redemption Fund.

 7.	Disbursements

	Disbursements are made to the bond holders by the State Treasurer of 
	the State of California.

 8.	Purchasing

	Not applicable.

 9.	Personnel/Payroll

	Not applicable.

10.	Investments

	Surplus monies are invested through the State Surplus Money 
	Investment Fund automatically by the State Treasurer.

11.	Insurance

	Not applicable.

12.	Reimbursement to General Fund

	Not applicable.