FAR 31.205-20
Interest and other financial costs.
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.
Source: acquisition.gov — FAR
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