COST ASSESSMENT definition
COST ASSESSMENT means the estimation of funding needed for the Safe and Affordable Drinking Water Fund for the next fiscal year based on the amount available in the fund, anticipated funding needs, and other existing State Water Board funding sources. Thus, the Cost Assessment estimates the costs related to the implementation of interim and/or emergency measures and longer-term solutions for HR2W list systems and At-Risk public water systems, state small water systems, and domestic wells. The Cost Assessment also includes the identification of available funding sources and the funding and financing gaps that may exist to support interim and long-term solutions. (Health & Saf. Code, § 116769.)
COST ASSESSMENT means the percentage of the components identified in the Survey for which the cost of making the component Year 2000 compliant has been estimated; (v) "DATE ASSESSMENT" means the percentage of all components identified in the Survey for which a date has been estimated for fixing, testing and implementation if they are not Year 2000 compliant or if compliance is unknown; (vi) "CORRECTIONS" means that percentage of the total number of components identified in the Survey that are not Year 2000 compliant and require correction/remediation to become compliant which have been corrected; (vii) "REPLACEMENT" means that percentage of the total number of components identified in the Survey that are not Year 2000 compliant and require replacement to become Year 2000 compliant which have been replaced to date; (viii) "TESTING & VERIFICATION" means that percentage of the total number of components identified in the Survey that require testing and verification by the vendor and the user(s) which have been tested and verified to date; (ix) "IMPLEMENTATION" means that percentage of the total number of components identified in the Survey that must be corrected or replaced to achieve Year 2000 compliance which have been implemented into production status to date.
COST ASSESSMENT is defined in Section 3.43.