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� <br />inspection for the CWCB staff. <br />� <br />L. The BoRROwER shall pay all of the expenses related to the PRO�ECT when such <br />bilis are due. <br />M. PRO�ECT-related expenses incurred prior to the Effective Date of this contract in <br />accordance with the legislative approval of this loan. <br />SECTION 8— ELIGIBLE EXPENSES The following items are eligible for loan <br />disbursements. <br />A. Preparing final designs and specifications for the PRO�ECr. <br />B. Preparing bid and construction contract documents. <br />C. <br />D. <br />E. <br />F. <br />G. <br />H. <br />I. <br />Preparing environmental assessment or environmental impact statements, and <br />otherwise complying with the Federal National Environmental Policy Act. <br />Complying with all federal, state, and local regulatory requirements, including the <br />obtaining of all required permits. <br />Fish and wildlife mitigation measures required by federal, state, or local laws and <br />regulations. <br />Actual construction as called for in the design documents and in change orders <br />approve�i by the CWCB and the BoRROwER. <br />Engineering services for construction mana ent, in udin design and <br />construction management for CW oved ch ge order <br />Interest during c ple n of t PRO cr purs t to P agraph A.4 of the <br />Contract. .�-�-�� <br />Legal services for iew+�tg �ngineering services contracts, reviewing this <br />Contract, reviewing construction contract documents, and for complying with all <br />federal, state, 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 PRO�ECT costs expended 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. See also Section 6, above. <br />SECTION 1 O— TIME FOR PERFORMANCE <br />PRO�ECT Beginning: Upon Effective Date of this Contract (the date this contract <br />is signed by the State Controller or his designee). <br />PRO�ECT Finish: 2 years from the Effective Date of this Contract. <br />Appendix 1 to Loan Contract C150241 <br />Page 3 of 3 <br />