Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 365 - PROCEDURES FOR ISSUING LOANS FROM THE WATER POLLUTION CONTROL LOAN PROGRAM
Subpart D - LOAN ISSUANCE, AUDITING, AND RECORDKEEPING
Section 365.430 - Loan Eligible Costs
Universal Citation: 35 IL Admin Code ยง 365.430
Current through Register Vol. 48, No. 38, September 20, 2024
The loan recipient shall be paid, upon request, in accordance with Section 365.440, for all costs within the scope of the approved project, not to exceed the total amount of the loan, and that are determined to be eligible in accordance with the following criteria:
a) Eligible project costs include all reasonable and necessary costs directly attributable to the project's planning, design, or construction that are not otherwise excluded by this Part. Categories of necessary costs include, but are not limited to, the following:
1) The direct
purchase of materials, equipment, and personal services not under the approved
construction contract necessary for the completion of a loan funded
project;
2) Professional and
consultant services contracts necessary for planning, design, bidding, and
construction of a loan funded project, except as elsewhere limited by this
Part;
3) Costs under approved
construction contracts;
4) Costs
for premiums for required flood insurance during the project construction
period; and
5) Costs under a
construction contract executed prior to the award of the loan agreement only
when the following conditions apply:
A) The
loan applicant has received written approval from the Agency prior to the award
of the construction contract;
B)
The project meets the definition of a compliance project in accordance with
Section
365.110;
and
C) The project costs in
subsection (a)(5)(B) were incurred and construction was initiated after March
7, 1985.
b) Ineligible project costs include, but are not limited to, the following:
1) Cost for basin or areawide planning other
than facilities planning; and
2)
Costs outside the scope of the approved Project Plan.
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