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L. The Borrower shall pay all of the expenses related to the Project when such bills are due. <br /> Section 9—Eligible Expenses <br /> The Borrower shall initiate disbursement requests by invoice to CWCB, in a form and manner approved <br /> by CWCB. The following items are eligible for loan disbursements: <br /> A. Engineering associated with the feasibility report prepared as a requirement for this loan. <br /> B. Preparing final designs and specifications for the Project. <br /> C. Preparing bid and construction contract documents. <br /> D. Preparing environmental assessment or environmental impact statements, and otherwise <br /> complying with the Federal National Environmental Policy Act. <br /> E. Complying with all federal, state, and local regulatory requirements, including the obtaining of <br /> all required permits. <br /> F. Fish and wildlife mitigation measures required by federal, state, or local laws and regulations. <br /> G. Actual construction as called for in the design documents and in change orders approved by the <br /> CWCB and the Borrower. <br /> H. Engineering services for construction management, including design and construction <br /> management for CWCB approved change orders. <br /> I. Interest during completion of the Project pursuant to Section 10., of the Contract. <br /> J. Legal services for reviewing engineering services contracts, reviewing this Contract, reviewing <br /> construction contract documents, and for complying with all federal, state, and local regulatory <br /> requirements. <br /> K. Project related expenses incurred prior to the Effective Date of this Contract in accordance with <br /> the approval of this loan. <br /> Section 10—Disbursement Schedule <br /> For project expenses: The Borrower shall prepare a periodic progress report that sets forth a <br /> statement of the Project costs expended for that period and shall forward said statement to the <br /> CWCB. After receipt of the periodic progress report from the Borrower, and review and <br /> acceptance of the items therein as eligible expenses, as described above, the CWCB will pay to <br /> the BORROWER the amount set forth in the report or such portion as has been approved by the <br /> CWCB. Such payment shall be made within thirty(30) days from the CWCB's approval of each <br /> progress report. <br /> Section 11 —Time for Performance <br /> Project To Begin: Upon Effective Date of this Contract (the date this Contract is signed by the <br /> State Controller or his designee). <br /> Project To End: Five (5)years from the Effective Date of this Contract <br /> or upon the date stated within the CWCB Notice of Project Substantial Completion. <br /> Page 3 of 3 <br /> Contract Number:C12019-2848 <br />