23 CFR 140.608 - Reimbursable bond interest costs of Interstate projects.

Regulations last checked for updates: Nov 22, 2024

Title 23 - Highways last revised: Jan 01, 1900

View all text of Subpart F [§ 140.601 - § 140.612]

§ 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.

authority: 23 U.S.C. 101(e), 106, 109(e), 114(a), 120(g), 121, 122, 130, and 315; and 49 CFR 1.48(b)

cite as: 23 CFR 140.608