23 C.F.R. § 140.608   Reimbursable bond interest costs of Interstate projects.


Title 23 - Highways


Title 23: Highways
PART 140—REIMBURSEMENT
Subpart F—Reimbursement for Bond Issue Projects

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§ 140.608   Reimbursable bond interest costs of Interstate projects.

(a) Bond interest earned on bonds actually retired may be reimbursed on the Federal pro rata basis applicable to such projects in accordance with §140.602(b) and (c).

(b) No interest will be reimbursed for bonds issued after November 6, 1978, used to retire or otherwise refinance bonds issued prior to that date.

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