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<br />drawings of the PROJECT to the CWCB staff, or, if required by 937-87-105, C.R.S., the <br />BORROWER shall provide the as-built drawings to the State Engineer's Office for <br />approval and filing. <br /> <br />K. Upon completion of the PROJECT construction, the BORROWER shall arrange a final <br />inspection for the CWCB staff. <br /> <br />L. The BORROWER shall pay all of the expenses related to the PROJECT when such bills <br />are due. <br /> <br />SECTION 8 - ELIGIBLE EXPENSES. The following items are eligible for loan disbursements. <br /> <br />A. Preparing final designs and specifications for the PROJECT. <br /> <br />B. Preparing bid and construction contract documents. <br />C. Preparing environmental assessment or environmental impact statements, and <br />otherwise complying with the Federal National Environmental Policy Act. <br />D. Complying with all federal, state, and local regulatory requirements, including the <br />obtaining of all required permits. <br />E. Fish and wildlife mitigation measures required by federal, state, or local laws and <br />regulations. <br />F. Actual construction as called for in the design documents and in change orders <br />approved by the:CWCB and thE;! BORROWER. <br />G. Engineering services for construction management, including design and construction <br />management for CWCB-approved change orders. <br />H. Interest during completion of the PROJECT pursuant to Paragraph A.4 of the Contract. <br />I. Legal services for reviewing engineering services contracts, reviewing this Contract, <br />reviewing const~uction contract documents, and for complying with all federal, state, <br />and local regulatory requirements. <br />SECTION 9 - DISBURSEMENT SCHEDULE <br />For Project costs: The BORROWER shall prepare a periodic progress report which <br />\ contains a statement of the PROJECT costs expended for that period and shall forward <br />said statement to the CWCs. After receipt of the periodic progress report from the <br />BORROWER, and review and acceptance of the items therein as eligible expenses as <br />described below, the CWCB will pay to the BORROWER the amount set forth in the <br />report or such portion that has been approved by the CWCB. Such payment shall be <br />made within thirty (30) days from the CWCB's approval of each progress report. <br />SECTION 10 - TIME FOR PERFORMANCE <br />PROJECT Beginning: Upon Effective Date of this Contract (the date this contract is <br />signed by the State Controller or his designee). <br />PROJECT Finish: 2 years from the Effective Date of this Contract <br /> <br />Page 3 of 3 <br /> <br />j", <br />