060-37 Wyo. Code R. §§ 37-10 - Ineligible Project Costs

(a) The following costs are ineligible:

(i) Costs related to any other infrastructure needs of the community college that are not directly associated with the development and construction, renovation, or capital renewal of student dormitories;

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

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

(iv) Engineering fees, including design, inspection and contract administration costs, over fifteen percent (15%) of the project cost;

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

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

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

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

(ix) Costs related to issuance of bonds;

(x) Legal fees;

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

(xii) Costs for a contingency or extra work allowance in excess of ten percent (10%) of estimated construction costs.

Notes

060-37 Wyo. Code R. §§ 37-10

Emergency adopted, Eff. 10/12/2018. Amended, Eff. 11/13/2018. Adopted, Eff. 5/13/2021. Amended, Eff. 9/25/2023.