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§ 140.608 Reimbursable bond interest costs of Interstate projects.

23 CFR 140.608

Citation23 CFR 140.608
CorpusDaily eCFR
Displayed edition2026-09-11
Last updated2026-09-11

§ 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.