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SECTION 9—ELIGIBLE EXPENSES FOR WATER PURCHASE PROJECTS. <br /> A. Engineering associated with the feasibility report prepared as a requirement for <br /> this loan and associated with evaluating the suitability of the water rights for <br /> purchase by the BORROWER. <br /> B. Interest during completion of the PROJECT pursuant to Paragraph A.2 herein. <br /> C. Legal services for reviewing engineering services contracts and this CONTRACT. <br /> D. Purchase of the water rights. <br /> 10—DISBURSEMENT SCHEDULE <br /> For a water rights purchase, the BORROWER shall prepare a written request for funds <br /> that shall describe the upcoming closing on water rights purchase including, but not <br /> limited to, the name of the seller, cost, closing date, and appraisal value and support <br /> documentation in the form of copies of the sales agreement and the appraisal <br /> pursuant to Section 7(a) above. After receipt of the written request from the <br /> BORROWER, and review and acceptance of the items therein as eligible expenses as <br /> described above, the CWCB will pay to the BORROWER the amount set forth in the <br /> request or such portion that has been approved by the CWCB. Such payment shall <br /> be made within thirty (30)days from the CWCB's approval of each request. <br /> SECTION 11 —TIME FOR PERFORMANCE <br /> PROJECT Beginning: Upon Effective Date of this CONTRACT (the date this <br /> CONTRACT is signed by the State Controller or his designee). <br /> PROJECT Finish: Three (3) years from the Effective Date of this CONTRACT <br /> [THE REST OF THIS PAGE INTENTIALLY LEFT BLANK] <br /> Appendix A, Amendment No. 1 to Loan Contract C150363 <br /> Page 3 of 3 <br />