Section 501.152 - Definition of Cost With Respect to Project In this subtitle, "cost," with respect to a project, means the cost of the acquisition, cleanup, construction, reconstruction, improvement, or expansion of a project, including:
(1) the cost of acquiring all land, rights-of-way, property rights, easements, and interests;(2) the cost of all machinery and equipment;(4) the cost of inventory, raw materials, and other supplies;(5) research and development costs;(6) interest accruing before and during construction and until the first anniversary of the date the construction is completed, regardless of whether capitalized;(7) necessary reserve funds;(8) the cost of estimates, including estimates of cost and revenue;(9) the cost of engineering or legal services;(10) the cost of plans, specifications, or surveys;(11) other expenses necessary or incident to determining the feasibility and practicability of acquiring, cleaning, constructing, reconstructing, improving, and expanding the project;(12) administrative expenses; and(13) other expenditures necessary or incident to:(A) acquiring, cleaning, constructing, reconstructing, improving, and expanding the project;(B) placing the project in operation; and(C) financing or refinancing the project, including refunding any outstanding obligations, mortgages, or advances issued, made, or given by a person for a cost described by this section.Tex. Loc. Gov't. Code § 501.152
Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 3.01, eff. 4/1/2009.