Turnkey project costs
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
(a)Turnkey project costs shall be the reasonable and necessary costs for planning, financing, acquiring land or buildings and constructing new buildings or rehabilitating existing buildings.
(b)Acquisition costs shall account for no more than 20 percent of turnkey project costs.
(c)Turnkey project costs may also include:
(1)all or a portion of the reserve fund and the working capital fund; and
(2)interest incurred on construction financing.
(d)Turnkey project costs may not include:
(1)costs of nondwelling related facilities;
(2)eligible applicant's administrative costs; and
(3)the costs of demolition or acquisition of land and buildings if the project is located in a city with a population of one million or more.