DEFINITION OF COST WITH RESPECT TO PROJECT

In this subtitle, "cost," with respect to a project, means the cost of the acquisition, cleanup, construction, reconstruction, improvement, or expansion of a project, including: (1) the cost of acquiring all land, rights-of-way, property rights, easements, and interests; (2) the cost of all machinery and equipment; (3) financing charges; (4) the cost of inventory, raw materials, and other supplies; (5) research and development costs; (6) interest accruing before and during construction and until the first anniversary of the date the construction is completed, regardless of whether capitalized; (7) necessary reserve funds; (8) the cost of estimates, including estimates of cost and revenue; (9) the cost of engineering or legal services; (10) the cost of plans, specifications, or surveys; (11) other expenses necessary or incident to determining the feasibility and practicability of acquiring, cleaning, constructing, reconstructing, improving, and expanding the project; (12) administrative expenses; and (13) other expenditures necessary or incident to: (A) acquiring, cleaning, constructing, reconstructing, improving, and expanding the project; (B) placing the project in operation; and (C) financing or refinancing the project, including refunding any outstanding obligations, mortgages, or advances issued, made, or given by a person for a cost described by this section.