Business group

Authority Fee Schedule

The Authority meets it administrative costs through collection of fees both at the time of financing and annually for the term of the debt. All expenses of a particular financing are paid by the borrowing institution, any may be financed as part of the project cost. Listed below is the current fee schedule of the Authority for both the initial and annual fees. (The Authority's Annual Fees were reduced January 17, 2008).

 

Initial Fees:

 

20 basis points (.0020) on the first $5,000,000.00

10 basis points (.0010) on the next $5,000,000.00

5 basis points (.005) on over >$10,000,000.00

 

Maximum Initial Fee is $50,000

 

Refunding debt = 60% of the above fees

 

Annual Fees:

 

7 basis points (.0007) on the first $100,000,000

1 basis points (.0001) on any amount greater than $100,000,001