Costs Allowed for Reimbursement
Only certain costs are allowed to be reimbursed to a private developer or a company under the state legislation. Such eligible costs include:
- Certain financing costs
- Costs associated with the acquisition of land (e.g., site preparation, environmental remediation, etc.)
- Costs of construction of public works or improvements (e.g., streets, water, sewer, etc.)
- Costs of job training and retraining programs
- Costs of rehabilitation or repair of existing public or private buildings
- Costs of studies and surveys
- Relocation costs
Ineligible Costs
The most significant costs that are not eligible are the costs of new, private construction and the purchase of equipment.