Illinois Administrative Code
Title 35 - ENVIRONMENTAL PROTECTION
Part 662 - PROCEDURES FOR ISSUING LOANS FROM THE PUBLIC WATER SUPPLY LOAN PROGRAM
Subpart D - LOAN ISSUANCE, AUDITING AND RECORDKEEPING
Section 662.430 - Loan Eligible Costs
Universal Citation: 35 IL Admin Code ยง 662.430
Current through Register Vol. 48, No. 38, September 20, 2024
The loan recipient shall be paid, upon request, in accordance with Section 662.440, 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;
5) Costs for the
acquisition of land only if needed for the purposes of locating eligible
project components. The land must be acquired from a willing seller;
6) Costs for restructuring loan recipients
that are in significant noncompliance with any national primary drinking water
regulation or variance or that lack the technical, financial, and managerial
capability to ensure compliance with the requirements of the SDWA, unless the
loan recipient is ineligible under Section
662.130(b)(2)
or (b)(3); and
7) 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; and
B) The
project meets the definition of a compliance project in Section
662.110 or the
project costs are associated with drilling and testing wells for source water
quantity and quality.
b) Ineligible project costs include, but are not limited to, the following:
1) Laboratory
fees for routine compliance monitoring;
2) Operation and maintenance
expenses;
3) Costs outside the
scope of the approved Project Plan;
4) Construction of any facilities that do not
fall within the definition of a community water supply facility as contained in
the SDWA or do not qualify in meeting the federal green project reserve
requirements;
5) Costs of projects
whose main purpose is fire protection or servicing future growth.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.