2603. ELIGIBLE EXPENSES

2603 ELIGIBLE EXPENSES 2603.1 For Initial Retainer Seed Money Loans, eligible expenses are limited to the fees required to retain the professional services of an organizer, appraiser, lawyer, architect, engineer, and/or general developer/consultant. 2603.2 For Comprehensive Seed Money Loans, eligible expenses shall include the following: (a) Fees for an organizer, engineer, appraiser, attorney, architect, and general developer/consultant; (b) Loan processing fees; (c) Closing costs recoverable from permanent financing; (d) Cooperative organization and education; and (e) Development and marketing service fees. SOURCE: Notice of Final Rulemaking published at 27 DCR 4606, 4609 (October 17, 1980).