- (a) The taxpayer shall provide written notice to the Department of Agriculture when the project is completed and available for final inspection.
- (b) At that time the taxpayer will provide a report on the actual cost of the project if that figure varies from the amount quoted in the application.
(c)
- (1) If any fee is based on an estimate of cost that is less than the actual final total cost of the project, the balance on the fee due the Arkansas Natural Resources Commission will be due and payable when a request for a certificate of completion is filed.
- (2) No certificate of completion shall be issued until the balance due has been paid.
(d)
- (1) Project costs incurred after issuance of a certificate of tax credit approval may be claimed for tax credit, subject to limitations stated herein.
- (2) Actual project costs will be compared to the projections that appeared on the application and any necessary adjustments will be made when the department prepares the certificate of completion.
- (e) If the applicant's estimate exceeded the actual cost of the project, the department will refund the fee overcharge when the certificate of completion is issued.
(f)
- (1) At least one (1) member or designee of the Private Wetland and Riparian Zone Creation, Restoration, and Conservation Committee shall accompany a member of the department staff on a site inspection prior to issuance of the certificate of completion.
- (2) After that time, monitoring of project maintenance shall be done by a member of the department staff or a member or designee of the committee in periodic random inspections.
- (g) The taxpayer must file the certificate of completion with the first tax return filed after issuance of the certificate of completion.
- (h) If the taxpayer completes the project and receives a certificate of completion in the same year the certificate of tax credit approval is issued, both documents must be filed with the tax return when tax credit is claimed.