Cal. Code Regs. tit. 2 § 1061.9

Current through Register 2024 Notice Reg. No. 44, November 1, 2024

Section 1061.9 - Interest During Construction Period

Interest expense during the construction period on money borrowed to finance the construction shall be capitalized. When large projects are undertaken in stages, a completed component may be usable before the total project is finished. If so, the construction period ends for that unit when it is placed in service.

Cal. Code Regs. Tit. 2, § 1061.9