The amount of the costs of school construction for a project eligible for reimbursement under AS 14.11.100(a)(6) or (7) is determined by including all costs, except for the interest on the bonds sold to finance the project, and deducting all money from grants made under AS 14.11 or AS 37.16.010 for the project and the amount of any local share determined under AS 14.11.008.

(Eff. 8/12/93, Register 127)