NIGP 94932: Interest on Other - Notes & Loans

NIGP 94932 Interest On Other - Notes & Loans, an Item code, captures state and local government borrowing costs and debt-service obligations on short-term and intermediate-term financing instruments outside of bond issuance — including lines of credit, short-term notes, equipment loans, and other non-bond debt structures. The code reflects what municipalities and counties actually expense when they borrow to fund capital projects, working capital, or operational needs through mechanisms other than traditional municipal bonds. State and local governments use this code to budget and account for interest accrual on commercial loans, vendor financing, tax-anticipation notes, and similar obligations that carry explicit interest charges.

No recent state or local procurement opportunities appear in the available records for this Item code. This code functions as a budget and accounting classification for government borrowing costs rather than a procurement category; state and local governments do not issue RFPs, RFQs, IBFs, or ITBs to acquire "interest on notes and loans" as a service line. Vendors and financial institutions providing credit facilities are typically engaged through direct negotiation, bond counsel procurement, or banking relationships that fall outside traditional NIGP-coded solicitation activity.