3. Specific Cost Guidance by Category
3.24. Interest
Ref: 2 CFR Part 200, §200.449.
Costs incurred for interest on borrowed capital,
temporary use of endowment funds, or the use of the College's own funds, however
represented, are unallowable. Financing costs (including interest) to acquire,
construct, or replace capital assets are allowable, subject to the conditions in this
section. Request prior approval from your CTE Program Coordinator.