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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 when such bills <br /> are due. <br /> SECTION 9 — ELIGIBLE EXPENSES. The following items are eligible for loan 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.3 herein. <br /> I. Legal services for reviewing engineering services contractsleviewing this Contract, <br /> reviewing construction contract documents, and for complying with all federal, state, <br /> and local regulatory requirements. <br /> SECTION 10 — DISBURSEMENT SCHEDULE $ 16,4fi <br /> The BORROWER shall prepare a periodic progress report which contains a statement <br /> of the PROJECT costs expended for that period and shall forward said statement to <br /> the CWCB. After receipt of the periodic progress report from the BORROWER, and <br /> review and acceptance of the items therein as eligible expenses as described <br /> below, the CWCB will pay to the BORROWER the amount set forth in the report or <br /> such portion that has been approved by the CWCB. Such payment shall be made <br /> within thirty (30) days from the CWCB's approval of each progress report. <br /> SECTION 11 — TIME FOR PERFORMANCE <br /> PROJECT Beginning: Upon Effective Date of this Contract <br /> PROJECT Finish: Three (3) years from the Effective Date of this Contract <br /> Page 3 of 3 <br />