(a) The following construction costs shall be eligible for building aid:
- (1) For a new building or addition to an existing building, costs of labor and materials to erect the building and foundation, except for the cost of site development beyond 4 feet from the foundation;
- (2) In renovation projects, costs of labor and materials for repairing, replacing, remodeling, or altering the existing structure or building systems;
- (3) Removal and disposal costs, including hazardous waste disposal costs;
- (4) Equipment that is normally fastened to the structure; and
- (5) Purchase or lease-purchases of mechanical, structural, or electrical equipment.
- (b) Construction costs that exceed the maximum allowable construction costs, calculated in accordance with Ed 321.22, shall not be eligible for building aid.
Source. #8265, eff 1-22-05; amd by #8631, eff 5-19-06; ss by #10363, eff 6-15-13; ss by #13054, eff 6-12-20 (formerly Ed 321.23); ss by #14023, eff 7-12-24 (formerly Ed 321.14); ss by #14215, eff 3-14-25