L Loans
Treat loans as a resource as follows:
 
Money loaned to the budgetary unit from any source and for any purpose is NOT countable as a resource. Key loans on LIAS using the OX Liquid Assets Code.
Money paid to the budgetary unit to repay a loan is countable as a resource in the month received. Any portion of the payment paid as interest is countable as unearned income in the month received. Key the money paid on LIAS using the OT Liquid Assets Code.
 
(For treatment as income, see Loans - Unearned Income)