FACILITY WITHIN A QUALIFIED DISTRESSED COUNTY THAT IS APPROVED BY THE
SECRETARY TO RECEIVE THE TAX CREDITS UNDER THIS SECTION.

(5) "FULL-TIME POSITION" MEANS A POSITION REQUIRING AT LEAST 840
HOURS OF AN EMPLOYEE'S TIME DURING AT LEAST 24 WEEKS IN A 6-MONTH PERIOD.

(6) (I) " ELIGIBLE PROJECT COSTS" MEANS THE UP TO $5,000,000 OF
COSTS AND EXPENSES INCURRED BY A BUSINESS ENTITY IN CONNECTION WITH THE
ACQUISITION, CONSTRUCTION, REHABILITATION, INSTALLATION, AND EQUIPPING
OF AN ELIGIBLE ECONOMIC DEVELOPMENT PROJECT.

(II) " ELIGIBLE PROJECT COSTS" INCLUDES:

1. THE COSTS OF ACQUIRING, CONSTRUCTING,
REHABILITATING, INSTALLING, AND EQUIPPING THE PROJECT, INCLUDING
OBLIGATIONS INCURRED FOR LABOR AND TO CONTRACTORS, SUBCONTRACTORS,
BUILDERS, AND MATERIALMEN;

2. THE COSTS OF ACQUIRING LAND OR RIGHTS IN LAND AND
COSTS INCIDENTAL TO ACQUIRING LAND OR RIGHTS IN LAND;

3. THE COSTS OF CONTRACT BONDS AND INSURANCE THAT
ARE REQUIRED OR NECESSARY DURING THE ACQUISITION, CONSTRUCTION, OR
INSTALLATION OF THE PROJECT;

4. THE COSTS OF ARCHITECTURAL AND ENGINEERING
SERVICES, INCLUDING TEST BORINGS, SURVEYS, ESTIMATES, PLANS AND
SPECIFICATIONS, PRELIMINARY INVESTIGATIONS, ENVIRONMENTAL MITIGATION,
AND SUPERVISION OF CONSTRUCTION;

5. THE COSTS FOR THE PERFORMANCE OF ALL THE DUTIES
REQUIRED BY OR CONSEQUENT TO THE ACQUISITION, CONSTRUCTION, AND
INSTALLATION OF THE PROJECT;

6. THE COSTS REQUIRED FOR THE INSTALLATION OF
UTILITIES SUCH AS WATER, SEWER SEWER TREATMENT, GAS, ELECTRICITY,
COMMUNICATIONS, RAILROADS, AND SIMILAR FACILITIES;

7. THE INTEREST COSTS PRIOR TO AND DURING THE
ACQUISITION, CONSTRUCTION, AND INSTALLATION, AND EQUIPMENT OF THE
PROJECT AND FOR A PERIOD OF UP TO 2 YEARS AFTER COMPLETION OF THE
PROJECT;

8. THE COSTS, EXPENSES, AND FEES INCURRED IN
CONNECTION WITH THE FINANCING OF THE PROJECT, EXCLUDING LEGAL,
ACCOUNTING, FINANCIAL, PRINTING, RECORDING, FILING COSTS, FEES, AND
EXPENSES; AND

9. THE COSTS OF OBTAINING BOND INSURANCE, LETTERS
OF CREDIT, OR OTHER FORMS OF CREDIT ENHANCEMENT OR LIQUIDITY FACILITIES.