- (a) Funds made available by the Arkansas Natural Resources Commission to an applicant for an approved project shall be utilized and expended only toward payment and financing of project costs, as approved by the commission.
(b) For purposes of this section, project costs include the following items:
- (1) Costs of acquiring the facilities comprising the project;
(2) Costs of acquiring and constructing other items included in the facilities, including obligations incurred for labor and materials by:
- (A) Contractors;
- (B) Builders; and
- (C) Material suppliers;
- (3) Costs of restoration or relocation of property damaged or destroyed in connection with any construction;
- (4) Contractors' performance, payment, and completion bond premiums;
- (5) Title insurance premiums;
- (6) Costs of machinery, equipment, and related facilities acquired or purchased for inclusion in the facilities and the cost of shipping, transportation, and installation thereof;
- (7) Taxes or other municipal or governmental charges levied or lawfully assessed against the facilities acquired during the period of acquisition;
- (8) Insurance premiums in connection with acquisition of the facilities;
- (9) Architectural and engineering fees for services related to the project prior to and during the period of acquisition;
- (10) Payment or reimbursement to the applicant for interim financing and advances and all costs thereof;
- (11) Abstract and title opinion costs;
- (12) Reasonable project legal fees and expenses of counsel for the applicant;
- (13) Costs of fees of other consultants of the applicant;
- (14) Recording fees;
- (15) Costs of publishing and printing proceedings incident to the project and any local hearings or approvals required in connection therewith; and
(16) Such other reasonable and necessary expenses as may be:
- (A) Required to complete the project; and
- (B) Approved by the commission.