Iowa Admin. Code r. 261-405.5

Current through Register Vol. 47, No. 6, September 18, 2024

Rule 261-405.5 - Eligible and ineligible costs

(1)Eligible costs. Examples of eligible costs include:

a. Real and personal property comprising a project;

b. Materials and equipment required for necessary site preparation, construction and installation of a project;

c. Labor for site preparation, construction and installation of a project. Only labor that is performed by a third party such as an independent contractor will be considered an eligible cost.

(2)Ineligible costs. Examples of ineligible costs include:

a. Feasibility studies;

b. Permits;

c. Administrative costs not associated with site preparation, construction and installation of a project;

d. Costs incurred prior to the board's approval of a loan;

e. Interconnection costs;

f. Costs associated with maintenance, operation or repair of a project; and

g. Other costs that the board determines to be ineligible.

Iowa Admin. Code r. 261-405.5

Adopted by IAB January 30, 2019/Volume XLI, Number 16, effective 3/6/2019