060-38 Wyo. Code R. §§ 38-10 - Ineligible Project Costs

The following costs are not eligible for funding under this program:

(a) Costs for preparation or presentation of loan application;

(b) Costs incurred prior to loan award, except costs incurred for architectural and engineering design, surveying and environmental review, if required;

(c) Engineering fees, including design, inspection and contract administration costs, in excess of fifteen percent (15%) of project cost;

(d) Markups by engineers/architects of sub-contractor and other outside charges;

(e) Costs for transportation, meals, lodging and incidentals incurred offsite from the project or that exceed the current federal per diem reimbursement rate;

(f) Costs associated with the borrower's own employees and equipment;

(g) Costs for real property in excess of current fair market value and/or costs for an amount of real property in excess of that needed for project purposes;

(h) Costs related to issuance of bonds;

(i) Costs for furnishings;

(j) Legal fees;

(k) Costs for sidewalks that are owned or maintained by a private property owner; and

(l) Costs for contingency or extra work allowance in excess of 10% of estimated construction costs.

Notes

060-38 Wyo. Code R. §§ 38-10

Adopted, Eff. 11/13/2018. Amended, Eff. 10/11/2021. Amended, Eff. 9/25/2023.