Regulation .05 Permissible Uses for Loan Funds.
Regulation .05 Permissible Uses for Loan Funds.LinkCopy Citation
A.
A loan under the Program may be used to pay for:
(1)
The costs of implementing projects, including the costs of all necessary:
(a)
Technical assessments;
(b)
Studies;
(c)
Surveys;
(d)
Plans and specifications; and
(e)
Start-up, architectural, engineering, and other special services;
(2)
The costs of procuring necessary technology, equipment, licenses, or materials; and
(3)
The costs of construction, rehabilitation, or modification related to a project including the purchase and installation of necessary machinery, equipment, or furnishings.
B.
A loan may be made in conjunction with, or in addition to, financial assistance provided through other State or federal programs.