Code of Federal Regulations · Section
§ 31.205-20 — 31.205-20 Interest And Other Financial Costs
48 C.F.R. § 31.205-20
View:
Interest on borrowings (however represented), bond discounts, costs of financing and refinancing capital (net worth plus long-term liabilities), legal and professional fees paid in connection with preparing prospectuses, and costs of preparing and issuing stock rights are unallowable (but see 31.205-28). However, interest assessed by State or local taxing authorities under the conditions specified in 31.205-41(a)(3) is allowable.
Authorizing Statute
-
Powers of the Administration in performance of functions51 U.S.C. § 20113
-
Chapter 137 legacy provisions10 U.S.C. § 3016
-
Administrative40 U.S.C. § 121