OAR 690-095-0020
Eligible Costs

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:


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;


The costs of obtaining a loan from the department under these rules;


Design and engineering costs;


The costs to acquire licenses and permits for a water development project;


Reserves, interest costs related to construction or interim financing;


Grant matching funds or other costs of funds needed for a water development project; and


Costs for preparation of claim of beneficial use and costs incurred up to and including obtaining applicable water right certificates and limited licenses.
Last Updated

Jun. 8, 2021

Rule 690-095-0020’s source at or​.us