OAR 690-095-0020: Eligible Costs

The department shall determine the eligible costs during the pre-application conference or the loan review process. Subject to these rules, a loan may be approved to pay the “startup costs” relating to a water development project. “Startup costs” must be allowable as capital costs or reimbursable costs that may be financed with federally tax-exempt bonds under the Internal Revenue Code and may include, but are not limited to: (1) The costs of buying or otherwise acquiring, constructing, installing, rehabilitating or reconstructing a water development project, including site costs and acquisition of water rights relevant to the project; (2) The costs of obtaining a loan from the department under these rules; (3) Design and engineering costs; (4) The costs to acquire licenses and permits for a water development project; (5) Reserves, interest costs related to construction or interim financing; (6) Grant matching funds or other costs of funds needed for a water development project; and (7) Costs for preparation of claim of beneficial use and costs incurred up to and including obtaining applicable water right certificates and limited licenses.