Project costs.

CFR · 2024-01-01 · US · Title 10

(a) The Project Costs of an Eligible Project are those costs, including escalation and contingencies, that are expended or accrued by a Borrower and are necessary, reasonable, customary, and directly related to the design, engineering, financing, construction, startup, commissioning, and shakedown of an Eligible Project. (b) Project Costs include: (1) Costs of acquisition, lease, or rental of real property, including engineering fees, surveys, title insurance, recording fees, and legal fees incurred in connection with land acquisition, lease or rental, site improvements, site restoration, access roads, and fencing; (2) Costs of engineering, architectural, legal and bond fees, and insurance paid in connection with construction of the facility; (3) Costs of equipment purchases, including a reasonable reserve of spare parts to the extent required; (4) Costs to provide facilities and services related to safety and environmental protection; (5) Transaction Costs; (6) Costs of necessary and appropriate insurance and bonds of all types including letters of credit and any collateral required therefor; (7) Costs of design, engineering, startup, commissioning, and shakedown; (8) Costs of obtaining licenses to intellectual property necessary to design, construct, and operate the Eligible Project; (9) To the extent required by the Loan Guarantee Agreement and not intended or available for any cost referred to in paragraph (d) of this section, costs of funding any reserve fund, including

official document · source cfr-2024 · id 10:§ 609.10