Allowable Project Costs

Project costs financed through the issuance of revenue bonds of the Commission may include costs of acquiring, constructing, equipping, furnishing, reconstructing, remodeling, renovating, enlarging, and improving educational facilities comprising one or more projects; including costs connected with or incidental thereto, provision of capitalized interest prior to and during the construction and for a period after the completion of the construction, appropriate reserves, architectural, engineering, financial, and legal services, and all other costs of financing, and the repayment or restoration of money borrowed or advanced for such purposes or temporarily used therefore from other sources (Section 3377.01(F) of the Revised Code). Under the law it is possible to finance 100% of the project cost.

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