§ 4300.99. Interest expense.
Interest paid for funds borrowed from a lending institution is an allowable expense in the case where funds are borrowed to meet the actual cash flow requirements of ongoing programs, and it can be documented that the actual cash flow requirements are such that obligations could not be met with the advance for the specific contract program. Where no advance is given, interest is reimbursable.
Cross References This section cited in 55 Pa. Code § 4300.81 (relating to applicability); 55 Pa. Code § 4300.111 (relating to applicability); 55 Pa. Code § 4300.114 (relating to agency schedule of charges); 55 Pa. Code § 4300.115 (relating to Department established fees); and 55 Pa. Code § 4300.116 (relating to county negotiated fees).
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