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inspector during construction, the BORROWER shall employ an inspector who <br />has been approved by the CWCB staff. <br />The BORROWER shall construct the PROJECT in accordance with the <br />approved plans and specifications. <br />J. Upon completion of the PROJECT construction, the BORROWER shall provide <br />as -built drawings of the PROJECT to the CWCB staff, or, if required by § 37- <br />87 -105, C.R.S., the BORROWER shall provide the as -built drawings to the <br />State Engineer's Office for approval and filing. <br />K. Upon completion of the PROJECT construction, the BORROWER shall arrange <br />a final inspection for the CWCB staff. <br />L. The BORROWER shall pay all of the expenses related to the PROJECT when <br />such bills are due. <br />SECTION 8 — ELIGIBLE EXPENSES. The following items are eligible for loan <br />disbursements. <br />A. Preparing final designs and specifications for the PROJECT. <br />B. Preparing bid and construction contract documents. <br />C. Preparing environmental assessment or environmental impact statements, <br />and otherwise complying with the Federal National Environmental Policy <br />Act. <br />D. Complying with all federal, state, and local regulatory requirements, <br />including the obtaining of all required permits. <br />E. Fish and wildlife mitigation measures required by federal, state, or local <br />laws and regulations. <br />F. Actual construction as called for in the design documents and in change <br />orders approved by the CWCB and the BORROWER. <br />G. Engineering services for construction management, including design and <br />construction management for CWCB- approved change orders. <br />H. Interest during completion of the PROJECT pursuant to Paragraph A.4 of the <br />Contract. <br />I. Legal services for reviewing engineering services contracts, reviewing this <br />Contract, reviewing construction contract documents, and for complying <br />with all federal, state, and local regulatory requirements. <br />J. PROJECT- related expenses incurred prior to the Effective Date of this <br />contract in accordance with the legislative approval of this loan. <br />SECTION 9 — DISBURSEMENT SCHEDULE <br />For Project costs: The BORROWER shall prepare a periodic progress report <br />which contains a statement of the PROJECT costs expended for that period <br />and shall forward said statement to the CWCB. After receipt of the periodic <br />Appendix 1 to Loan Contract C150329 <br />Page 3 of 4 <br />