NIGP 94934: Interest on State Notes & Loans

NIGP 94934 Interest On State Notes & Loans is an Item code under which state and local governments account for interest expense on short-term and long-term debt instruments, including tax-anticipation notes, revenue bonds, general-obligation bonds, and other financing mechanisms. This code captures the cost of borrowed capital rather than procurement of goods or services, and reflects accounting and financial management activity rather than competitive solicitation or vendor engagement. State and local treasuries, finance departments, and bond-issuing authorities use this code to track and report interest obligations across their debt portfolios.

No recent state and local contract opportunities appear under this code in the available records. This code functions as a financial accounting classification for debt service rather than a procurement category that generates RFPs, RFQs, IBFs, or ITBs. Business development professionals do not pursue this code directly; interest rates and terms are set through bond offerings and credit agreements with financial institutions, not through government purchasing processes.