In this subtitle, "cost," with respect to a project, means the cost of the acquisition, cleanup, construction, reconstruction, improvement, or expansion of a project, including:

1. (1) the cost of acquiring all land, rights-of-way, property rights, easements, and interests;
2. (2) the cost of all machinery and equipment;
3. (3) financing charges;
4. (4) the cost of inventory, raw materials, and other supplies;
5. (5) research and development costs;
6. (6) interest accruing before and during construction and until the first anniversary of the date the construction is completed, regardless of whether capitalized;
7. (7) necessary reserve funds;
8. (8) the cost of estimates, including estimates of cost and revenue;
9. (9) the cost of engineering or legal services;
10. (10) the cost of plans, specifications, or surveys;
11. (11) other expenses necessary or incident to determining the feasibility and practicability of acquiring, cleaning, constructing, reconstructing, improving, and expanding the project;
12. (12) administrative expenses; and

13. (13) other expenditures necessary or incident to:

    1. (A) acquiring, cleaning, constructing, reconstructing, improving, and expanding the project;
    2. (B) placing the project in operation; and
    3. (C) financing or refinancing the project, including refunding any outstanding obligations, mortgages, or advances issued, made, or given by a person for a cost described by this section.

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.