The MDA will release loan and grant funds on a reimbursement or services rendered basis for approved eligible costs of the Project as incurred. The Approved business enterprise and/or local government shall certify to MDA that the expenses were incurred and were in accordance with the Project as approved by MDA. Funds will be released periodically upon receipt of supporting documentation from the Approved business enterprise and/or local government based upon a schedule established by MDA. Internal labor will not be reimbursable.
6 Miss. Code. R. 1-22.11