{"data":{"id":"us/48-cfr-31.205-20","jurisdiction":"us","citation":"48 CFR 31.205-20","heading":"31.205-20 Interest and other financial costs.","body":"Interest on borrowings (however represented), bond discounts, costs of financing and refinancing capital (net worth plus long-term liabilities), legal and professional fees paid in connection with preparing prospectuses, and costs of preparing and issuing stock rights are unallowable (but see 31.205-28). However, interest assessed by State or local taxing authorities under the conditions specified in 31.205-41(a)(3) is allowable.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 1—FEDERAL ACQUISITION REGULATION","SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS","PART 31—CONTRACT COST PRINCIPLES AND PROCEDURES","Subpart 31.2—Contracts With Commercial Organizations"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"3631e7fe55b102870a3f0fa663f59e7f0e820e5a72cfe94388fd608c628c84ff","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-31.205-19","next":"us/48-cfr-31.205-21"},"notice":"GroundRules: Original legal text. Not legal advice."}