Minnesota Administrative Rules

4308.0040 ELIGIBLE COSTS FOR LOANS.

Subpart 1.

Eligible costs.

Eligible costs for the program include costs not prohibited by subpart 2 for:

A.

building construction and improvement;

B.

site preparation;

C.

equipment;

D.

other construction costs, such as construction of facilities other than buildings, or costs that may be capitalized as part of overall construction costs;

E.

fees that may be required by the department for administration of the loan; and

F.

septic systems.

Subp. 2.

Ineligible costs.

Project-related costs incurred more than 30 days before submission of a completed application as required by the community development application process are ineligible costs.

Subp. 3.

Determination of eligible or ineligible costs.

The Community Development Division shall make the determination of which proposed project costs are eligible or ineligible.

Statutory Authority:

MS s 116J.035; 116J.617; 116J.980

History:

14 SR 1419; 19 SR 887

Published Electronically:

September 26, 2007