LIC 9265 Form 5-1: Long-Term Debt Incurred In A Prior Year

The LIC 9265 Form 5-1 is used to report and document long-term debt that was incurred in a prior year by facilities regulated by the California Department of Social Services. This form captures details such as the nature of the debt, the amount owed, the terms of repayment, and any relevant supporting documentation. It helps ensure accurate record-keeping and disclosure of outstanding long-term debts, providing transparency and accountability in financial reporting. By completing this form, facility operators fulfill their obligations to report and manage long-term debt incurred in previous years.