Sec.12-217kk-4. Estimated cost report

(a) Each applicant with a project seeking eligibility certification shall file with its application an estimated cost report on such forms as the Commission may prescribe.

(b) The estimated cost report shall describe in detail the eligible expenditures to be incurred by the applicant with respect to the project which is the subject of the application and classify such expenditures under each of the categories specified below:

(1) Land acquisition;

(2) Building acquisition;

(3) Building construction;

(4) Building rehabilitation/renovation;

(5) Capital equipment;

(6) Other improvement; or,

(7) Project development including design, engineering and related professional fees.

(c) Within the foregoing general eligible expenditures categories, the Commission may prescribe such sub-categories as it deems necessary to facilitate the applicant's reporting of its estimated eligible expenditures and the Commission's review of such estimated eligible expenditures.

(Adopted effective June 26, 2009)