Allowable and Non-Allowable Costs Guidance

Allowable and Non-Allowable Costs

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.