N.Y. Comp. Codes R. & Regs. tit. 10 § 451.166

Current through Register Vol. 46, No. 51, December 18, 2024

Section 451.166 - Interest on capital indebtedness

The cost incurred for funds borrowed for capital purposes. Examples: acquisition of facilities, equipment and capital improvements. Generally, loans for capital purposes are long-term loans.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.166