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Are previously incurred engineering expenses eligible for reimbursement from OWRB loan funds?

April 26, 2017eligible Engineering expenses funds incurred loan owrb Reimbursement

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Are previously incurred engineering expenses eligible for reimbursement from OWRB loan funds?

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Yes. Costs directly associated with any engineering study or report related to the proposed project can be reimbursed. For tax purposes, Revenue Bond loans require that a Reimbursement Resolution be provided to the OWRB before any costs are incurred.