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� <br />J. Upon completion of the PRO�ECT construction, the BoRROwER shall provide as-built <br />drawings of the PRO�ECT to the CWCB staff, or, if required by § 37-87-105, C.R.S., <br />the BoRROwER shall provide the as-built drawings to the State Engineer's Office for <br />approval and filing. <br />K. Upon completion of the PRO�ECT construction, the BoRROwER shall arrange a final <br />inspection for the CWCB staff. <br />L. The BoRROwER shall pay all of the expenses related to the PRO�ECT when such bills <br />are due. <br />SECTION 8— ELIGIBLE EXPENSES The following items are eligible for loan disbursements. <br />A. Preparing final designs and specifications for the PRO�ECT. <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 t esign documents and in change orders <br />approved by the CWCB and E <br />G. Engineering services for � c ion management, including design and <br />construction management fo W e�change orders. <br />H. Interest during completio P��� to Paragraph A.4 herein. <br />I. Legal services for reviewing engineering services contracts, reviewing this Contract, <br />reviewing construction contract documents, and for complying with all federal, state, <br />and local regulatory requirements. <br />SECTION 9 — DISBURSEMENT SCHEDULE <br />The BoRROwER shall prepare a periodic progress report which contains a statement <br />of the PRO�ECT costs expended for that period and shall forward said statement to <br />the CWCB. After receipt of the periodic progress report from the BoRROwER, and <br />review and acceptance of the items therein as eligible expenses as described <br />below, the CWCB will pay to the BoRROwER the amount set forth in the report or <br />such portion that has been approved by the CWCB. Such payment shall be made <br />within thirty (30) days from the CWCB's approval of each progress report. The <br />BoRROwER shall obtain all necessary permits and easements prior to any loan <br />disbursements. <br />SECTION 1 O— TIME FOR PERFORMANCE <br />PROJECT Beginning Upon Effective Date of this Contract, which is the date this <br />contract is approved by the State Controller. <br />PROJECT FIf11Sh 2 years from the Effective Date of this Contract <br />Page 3 of 3 <br />