Capital Expenditure Project.

22 CCR 57000

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22 CCR 57000

§ 57000. Capital Expenditure Project.

(a)

“Capital expenditure project” means a project for expenditures which, under generally accepted accounting principles, are not properly chargeable as expenses of operation and maintenance and are related to the acquisition, construction, renovation, improvement, modernization, expansion, or replacement of a plant, buildings, and equipment with respect to which the expenditure is made, including, but not limited to the following if included in revenue bond debt service:

(1)

Studies, surveys, designs, plans, working drawings, and specifications bid preparation, inspection, and material testing;

(2)

Site preparation, including demolishing or razing structures, hazardous waste removal, and grading and paving;

(3)

Off-site construction and improvements required by the onsite project including the expansion of utilities, access roads, parking structures, bus stops, bus turnouts, bus shelters, and landscaping;

(4)

Permit and license fees;

(5)

Architectural, legal, accounting, contract administration cost and appraisal fees;

(6)

Costs incurred for borrowing funds including capitalized interest; and

(7)

Construction costs.

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