LIC 9266 Form 5-2: Long-Term Debt Incurred During Fiscal Year

The LIC 9266 Form 5-2 is used to report and document long-term debt that was incurred during the fiscal year by facilities regulated by the California Department of Social Services. This form captures information such as the purpose of the debt, the borrowing entity, the principal amount, interest rates, repayment terms, and any related financial agreements or contracts. It ensures accurate tracking and disclosure of newly incurred 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 within the fiscal year.