Are all project costs eligible for payment with BCIB loan proceeds?

No. Eligible project costs include the following:

  • Planning/engineering/design/inspection
  • Environmental site assessments and studies
  • Land/easement acquisition/right-of-way necessary to construct the eligible project
  • Construction/expansion/improvement/repair/rehabilitation of public infrastructure
  • Traffic signs/signals/control/lighting/crosswalks
  • Demolition of structures/clearing and preparation of land necessary for eligible project construction
  • Permit fees/inspection costs
  • Utility relocation
  • Legal fees
  • Administrative costs associated with the financing (to be determined, in part, and confirmed by the County at the time of application approval)

Please be advised that the above list of eligible uses does not constitute Act 13 eligibility. Municipalities should consult with the County regarding specific eligibility questions. All Applicants must attend a pre-application conference to be considered for the BCIB Program.

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1. What is the Butler County Infrastructure Bank (BCIB) Program?
2. Why would I apply for a loan from the BCIB versus Federal, State, or private loan programs?
3. Who is eligible to apply for a loan from the BCIB?
4. What type of projects are eligible for BCIB loan financing?
5. Are all project costs eligible for payment with BCIB loan proceeds?
6. Is there a maximum or minimum BCIB loan amount or percentage of project costs that an approved Applicant can receive?
7. What are the BCIB loan terms regarding interest, repayment and security?
8. What financial metrics might be used by the BCIB Program to assess credit worthiness/Applicant qualifications?
9. Will the financial statements provided as part of the BCIB loan application credit review process be kept confidential?
10. What is the “Turnkey” delivery option and how does it differ from the “Finance Only” project delivery option?
11. Are there any pre-application requirements?
12. How are the BCIB loan applications evaluated?
13. When are BCIB applications due and where should they be submitted?
14. How many copies of the BCIB loan application are required to be submitted?
15. When are BCIB project loans approved?
16. What is the BCIB loan program approval process?
17. How are BCIB loan application approvals/denials communicated to Applicants?
18. What is the procedure for accessing the BCIB loan funds?
19. Are Butler County’s administrative costs included in the BCIB loan?
20. How are project cost overruns handled during the project?