Michigan Compiled Laws § 45.594 Cost Of System.

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: Previous  45.583  45.584  45.585  45.586  45.587  45.588  45.589  45.590  45.591  45.592  45.593  45.594  45.595  45.596    Next

Last modified: October 10, 2016