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:

(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.

Source: Rule 690-095-0020 — Eligible Costs, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=690-095-0020 (accessed May 26, 2025).

Last Updated

May 10, 2025

Rule 690-095-0020’s source at or​.us