Water Bank financing has generous allowable costs. Project costs that may be eligible within a green infrastructure project include:
In addition to the capital improvements described above, the costs necessary to plan, design and construct a project are also eligible as a component of such financings. Eligible costs include planning, design, engineering fees, surveys, environmental or geological studies, legal, administrative and other costs related to project plan preparation. All such costs can be included in a short-term loan from the Water Bank. For example, a Water Bank loan can be for stormwater improvement and the necessary environmental planning and engineering design and legal fees necessary to construct the improvements. Note however, that a capital improvement must be a component of each Water Bank long-term loan
For detailed information about which project costs are currently allowable, and which ones are unallowable, consult N.J.A.C. 7:22-5.1 et seq at https://www.nj.gov/dep/dwq/pdf/njac722_sub5.pdf and the most recent Intended Use Plan (IUP) at http://www.nj.gov/dep/dwq/cwpl.htm.
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