[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR31.205-20]



[Page 622]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 31_CONTRACT COST PRINCIPLES AND PROCEDURES--Table of Contents

 

          Subpart 31.2_Contracts With Commercial Organizations

 

Sec. 31.205-20  Interest and other financial costs.



    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.



[64 FR 51844, Sept. 24, 1999]