Oregon Administrative Rules
Chapter 690 - WATER RESOURCES DEPARTMENT
Division 95 - COLUMBIA RIVER BASIN WATER DEVELOPMENT LOAN PROGRAM
Section 690-095-0020 - Eligible Costs
Current through Register Vol. 63, No. 9, September 1, 2024
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.
Stat. Auth: ORS 536.027 & 541.646
Stats. Implemented: ORS 541-600 - 541.646
