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, . � � (,. <br />the eatablished intereat rate of 7-1/2 percent beginning when Federal funds are <br />expended for conatruction of Pro�ect facilities and continuea until repaymeut <br />begins. <br />(b) Upon determination of the actual amount of expenditures of both <br />the District and the Contracting Officer, as provided in subarticle (a) above, <br />the District shall update the cost allocation and the repayment schedule of <br />the Proposal to reflect post-construction conditions and shall furnish copies <br />thereof to the Contracting Officer for approval. Such cost allocation shall be <br />prepared using the separable method as followed in the <br />approved Proposal; Provided, however, That [he final approval of the <br />post-construction cost allocation and the post-construction repayment schedule <br />shall be made by the Contracting Officet and such approval shall be conclusive <br />upan the parties hereto. <br />(c) Upon determination of the post-construction allocation and <br />repayment schedule, the Contracting Officer shall furnish a statement to the <br />District showing (1) the total principal amount of money repayable to the <br />United States under the terms of this contract, hereinafter called the loan <br />obligation; auch amount shall include reimbursable interest during construction <br />for all interest-bearing Project functions. Interest-bearing functiona lnclude <br />M�I water, power, and reimbursable portions of recreation and fish and wildlife <br />functions; (2) the allocation of the loan obligation among each of the Project <br />functions, by amount and ratio; (3) the allocation of to[al interest during <br />construction among each of the Pro�ect functions, by amount and ratio; (4) the <br />allocation of total interest during repayment among each of the interest-bearing <br />Project functions; (5) the total amount of money, by Project function, furnished <br />16 <br />