Cost of System - Mich. Comp. Laws Section 45.594
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45.594 Cost of system.
Sec. 14.
The following may be included as part of the cost of a system funded under this act:
(a) Engineering fees.
(b) Legal fees.
(c) Administration expenses before and during the period of construction.
(d) Feasibility study costs.
(e) Grant application costs.
(f) Financing costs.
(g) A reasonable amount for contingencies or reserves, or both.
(h) Interest on bonds to be issued.
(i) Expenses of operation and management.
(j) Other costs incident to the acquisition and financing of the project.
History: 1989, Act 186, Imd. Eff. Aug. 24, 1989
Section: 45.587 45.588 45.589 45.590 45.591 45.592 45.593 45.594 45.595 45.596 45.621 45.622 45.623 45.624 45.625
Last modified: March 17, 2013
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