Sec. 26.10.12.05. Eligible Uses

The proceeds of a loan may be used to cover the following costs:

A. Costs of developing plans and specifications for the upgrade or replacement;

B. Underground storage tank upgrade or replacement costs necessary to meet the technical requirements of regulations adopted by the Environmental Protection Agency for underground storage tanks, including equipment and construction costs;

C. Costs of site assessment, including an environmental audit, if any, made before the upgrade or replacement is completed that are related to the upgrade or replacement;

D. Costs of site assessment, not to exceed $3,000, including an environmental audit, if any, made after the upgrade or replacement is completed to determine eligibility for insurance; and

E. Costs of any additional apparatus necessary to bring the underground storage tank system into compliance with other State and federal requirements.