§200.426. Bad debts.
2 C.F.R. § 200.426
Bad debts (debts determined to be uncollectable), including losses (whether actual or estimated) arising from uncollectable accounts and other claims, are unallowable. Related collection costs, and related legal costs, arising from such debts are also unallowable. See § 200.428.
Notes, amendments, and revision history
Authority
Authority: 31 U.S.C. 503; 31 U.S.C. 6101-6106; 31 U.S.C. 6307; 31 U.S.C. 7501-7507.
Source
Source: 89 FR 30136, Apr. 22, 2024, unless otherwise noted.