Iowa Administrative Code
Agency 261 - Economic Development Authority
Part XII - Energy Division
Chapter 406 - Energy Infrastructure Revolving Loan Program
Rule 261-406.6 - Eligible and Ineligible Costs
Universal Citation: IA Admin Code 261-406.6
Current through Register Vol. 47, No. 6, September 18, 2024
(1) Eligible costs. Examples of project costs that are eligible for financial assistance include, but are not limited to:
a. Real and personal property comprising a
project.
b. Materials and equipment
required for necessary site preparation, construction and installation of a
project.
c. Labor for site
preparation, construction and installation of a project.
d. Costs associated with maintenance,
operation or repair of a project during the term of the loan.
(2) Ineligible costs. Examples of project costs that are not eligible for financial assistance include, but are not limited to:
a.
Administrative costs or employee salaries of the borrower or any affiliates
that are not associated with site preparation, construction and installation of
a project.
b. Costs incurred prior
to the committee's recommendation to approve a loan. Costs incurred prior to
the committee's recommendation may be eligible for assistance if the borrower
demonstrates the necessity to begin incurring costs sooner.
c. Feasibility studies.
d. Engineering and final design.
e. Permitting or regulatory costs.
f. Other costs that the board determines to
be ineligible.
Disclaimer: These regulations may not be the most recent version. Iowa 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.
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