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Contract, reviewing construction contract documents, and for complying with all <br />federal, state, and local regulatory requirements. <br />J. PROJECT -related e�enses incurred prior to the Effective Date of this contract in <br />accardance with the legislative approval of this loan. <br />SECTION 9 — DISBURSEMENT SCHEDULE <br />For Project costs: The BoRROwER shall prepare a periodic progress report which <br />contains a statement of the PRO�ECT costs e�ended for that period and shall <br />forward said statement to the CWCB. After receipt of the periodic progress report <br />from the BoRROwER, and review and acceptance of the items therein as eligible <br />expenses as described below, the CWCB will pay to the BoRROwER the amount <br />set forth in the report or such portion that has been approved by the CWCB. Such <br />payment shall be made within thirty (30) days from the CWCB's approval of each <br />progress report. <br />SECTION 1 O— TIME FOR PERFORMANCE <br />PRO�ECr Beginning: Upon Effective Date of this Contract (the date this contr�ct <br />is signed by the State Controller or his designee). <br />PRO�ECT Finish: Four (4) years from the Effective Date of this Contract. <br />Appendix 1 to Loan Contract C150276 <br />Page 4 of 4 <br />