Financial assistance may be used for: Loans for project development costs including, but not limited to: The acquisition of land, structures, equipment, or furnishings which are or will be a part of a project; Reasonable fees, as determined by the Program, for architectural, engineering, legal, or other special services; Preparation of title binders, surveys, plans, and specifications as approved by the program; Special studies such as: Market and feasibility studies, Property appraisals, Test borings, and Other studies acceptable to the Department; Site preparation and extension of utilities on-site; Cost of labor and materials for new construction or rehabilitation or installation of improvements as set forth in approved plans and specifications for a project; Acquisition of machinery and equipment necessary to the operation of a commercial/industrial enterprise as set forth in approved plans and specifications; Indemnity and surety bonds; Premiums on hazard, liability, title, and mortgage insurance; Necessary fees, licenses, and permits related to construction, project review, and approval; Payment and performance bonds; Other direct project costs and fees acceptable to the Department; Assurances, guarantees, loan guarantees, or other credit enhancement; Buy-down of the rate of interest payable on a loan or a portion of a loan made by a third party; Prepayment of interest on a loan or portion of a loan. The Fund may be used to pay the expenses of the Program.