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drawings of the PROJECT 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 PROJECT 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;PROJECT`vdhe, such <br /> bills are due. <br /> si <br /> M. PROJECT-related expenses incurred prior to the Effective -Date-of this cottract in <br /> accordance with the legislative approval of this loan. �. <br /> SECTION 8 — ELIGIBLE EXPENSES. The following items are' eligible;"for;.'31oan <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, 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 the design documents and in change orders <br /> 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 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 PROJECT 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. <br /> SECTION 10 — TIME FOR PERFORMANCE <br /> PROJECT Beginning: Upon Effective Date of this Contract (the date this contract <br /> is signed by the State Controller or his designee). <br /> PROJECT Finish: 5 (five) years from the Effective Date of this Contract <br /> Page 3 of 3 <br />