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e-CFR data is current as of November 25, 2020


2 CFR--PART 200

View Printed Federal Register page 85 FR 49569 in PDF format.

Amendment(s) published August 13, 2020, in 85 FR 49569

Effective Dates: Nov. 12, 2020

80. Amend §200.449 by revising paragraphs (b)(1) and (c)(4) to read as follows:

§200.449   Interest.

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(b) Capital assets. (1) Capital assets is defined as noted in §200.1 of this part. An asset cost includes (as applicable) acquisition costs, construction costs, and other costs capitalized in accordance with GAAP.

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(c) *  *  *

(4) The non-Federal entity limits claims for Federal reimbursement of interest costs to the least expensive alternative. For example, a lease contract that transfers ownership by the end of the contract may be determined less costly than purchasing through other types of debt financing, in which case reimbursement must be limited to the amount of interest determined if leasing had been used.

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