California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 3 - Accounting Procedures for Special Districts
Article 8 - Waste Disposal Districts
Section 1101.9 - Interest During Construction Period
Universal Citation: 2 CA Code of Regs 1101.9
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. Interest expense after the facility is placed into service is an operating expense.
When a single bond issue finances several projects which will be completed in stages, the interest applicable to each during its period of construction must be determined.
Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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