§ 73.52. Contractors.

 An industrial occupant, beneficial owner or a related firm may act as the general contractor on a project as long as work is performed by unrelated contractors. If an industrial occupant, beneficial owner or a related firm is performing its own work using its own forces or equipment the following restrictions apply:

   (1)  The project shall be completed and costs approved by the Authority engineer prior to the Authority’s loan closing.

   (2)  Only materials and the cost of independent subcontractors, and not labor or overhead, will be eligible for Authority financing.

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