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Can I use the loan proceeds to pay for easement and land costs?

April 26, 2017costs easement land loan pay proceeds

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Can I use the loan proceeds to pay for easement and land costs?

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• If your project is a water project funded by Federal Funds, however, no loan proceeds may be used to pay the engineering, legal or actual land cost of condemnation proceedings. The eligible land cost for water projects are those easements and land cost obtained by purchase.