15A NCAC 01N .0303. ELIGIBLE PROJECT COSTS

(a)  Project construction costs eligible for a loan under this Subchapter are limited to:

(1)           Planning, including system and needs assessment, the preparation of a local water supply plan and the preparation of a water system management plan;

(2)           Environmental assessment reports, including all federal cross-cutters;

(3)           Design;

(4)           Construction;

(5)           Legal, fiscal, and administrative costs;

(6            Contingency costs; and

(7)           Land acquisition integral to the project and acquired from a willing seller.

(b)  Loans may be up to 100 percent of allowable construction project costs.

 

History Note:        Authority G.S. 159G-22; 159G-35; 159G-44;

Temporary Adoption Eff. January 31, 1998;

Eff. April 1, 1999;

Amended Eff. February 1, 2008.