Current through Register Vol. 54, No. 45, November 9, 2024
Section 961.7 - Eligible costs(a) In addition to the costs enumerated in the act, eligible project costs considered by the Board may include, but not be limited to, the following: (1) Project design and engineering, including the development of prefeasibility, feasibility and planning studies, plans, specifications, cost estimates, surveys and project inspection and management.(2) Financial condition and audit reports required for financial assistance application.(3) Administrative costs, including financial reporting costs, generated by the project and specifically included in the financial assistance agreement.(4) Acquisition of property rights and equipment that are preliminary to or a necessary part of the project. Acquisition of property rights may include the costs associated with the acquisition, including taxes, fees, surveys, title insurance and relocation fees specifically included in the financial assistance agreement.(5) Legal service fees generated by the project.(7) Insurance or bonds associated with the construction of the project.(8) Security bonds, necessary reserves and costs of establishing and securing total financing arrangements for the project.(9) Interest during construction or financing of the project and allowance for funds used during construction.(10) Project construction, including labor, materials, machinery, equipment and site preparation associated with the project.(11) Other costs determined by the Board to be necessary or incidental to the project.(b) Funds encumbered or advanced for the project which are not used for eligible costs in the project shall be returned to the fund or account from which they originated for reallocation and use in other projects.