California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 3 - Accounting Procedures for Special Districts
Article 4 - Harbor and Port Districts
Section 1061.9 - Interest During Construction Period
Universal Citation: 2 CA Code of Regs 1061.9
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Interest expense during the construction period on money borrowed to finance the construction shall be capitalized. When large projects are undertaken in stages, a completed component may be usable before the total project is finished. If so, the construction period ends for that unit when it is placed in service.
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